Tmx Group (TSE:X) had its price target boosted by stock analysts at CIBC from C$84.00 to C$87.00 in a note issued to investors on Wednesday. CIBC’s price objective indicates a potential upside of 15.28% from the company’s previous close.
Several other research firms also recently weighed in on X. National Bank Financial upgraded shares of Tmx Group from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$76.00 to C$79.00 in a report on Monday, October 30th. Royal Bank of Canada raised their target price on shares of Tmx Group from C$74.00 to C$75.00 and gave the company a “sector perform” rating in a report on Monday, October 30th. Scotiabank raised their target price on shares of Tmx Group from C$79.00 to C$81.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. Finally, TD Securities raised their target price on shares of Tmx Group from C$82.00 to C$85.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$80.33.
Shares of Tmx Group (X) traded down C$0.21 on Wednesday, hitting C$75.47. 69,866 shares of the stock were exchanged, compared to its average volume of 100,367. The stock has a market cap of $4,170.00, a P/E ratio of 19.97 and a beta of 0.33. Tmx Group has a 1-year low of C$64.81 and a 1-year high of C$79.90.
TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates in six segments: Market Insights; Capital Formation; Derivatives Trading & Clearing; Equities and Fixed Income Trading & Clearing; Energy Trading & Clearing; and Market Solutions.
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