Barclays Issues Pessimistic Forecast for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its target price reduced by Barclays from C$59.00 to C$52.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 12.70% from the company’s current price.

A number of other equities research analysts also recently weighed in on X. TD Securities raised TMX Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. National Bankshares raised their price objective on shares of TMX Group from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th. Raymond James Financial upgraded shares of TMX Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from C$59.00 to C$61.00 in a research note on Monday. Canaccord Genuity Group dropped their price target on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Royal Bank Of Canada raised their price target on shares of TMX Group from C$66.00 to C$67.00 in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$60.67.

TMX Group Stock Down 1.1%

X stock opened at C$46.14 on Monday. The company has a 50 day moving average of C$50.78 and a two-hundred day moving average of C$52.32. The company has a market cap of C$12.84 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 12.65 and a beta of -0.20. TMX Group has a 12-month low of C$44.82 and a 12-month high of C$57.98. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

TMX Group (TSE:X) last posted its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. The business had revenue of C$457.80 million for the quarter. On average, equities analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

Trending Headlines about TMX Group

Here are the key news stories impacting TMX Group this week:

• Positive Sentiment: Raymond James upgraded TMX from “outperform” to “strong-buy” and raised its C$61 price target (previously C$59), signaling bullish analyst conviction that could support the share price. Raymond James upgrade to strong-buy
• Positive Sentiment: Abaxx Exchange will extend trading access through TMX Trayport’s Joule platform — a commercial win for TMX’s trading-technology franchise that may boost order flow and platform revenues over time. Abaxx Exchange to Extend Trading Access Through TMX Trayport’s Joule Platform
• Neutral Sentiment: TMX released its Equity Financing Statistics for January 2026 — investors will watch issuance and listing activity metrics because they correlate with listing and trading revenue, but the report itself is directional and not an immediate earnings revision. TMX Group Equity Financing Statistics – January 2026
• Neutral Sentiment: Canaccord Genuity and RBC trimmed their price targets (Canaccord C$64→C$61; RBC C$67→C$64) but kept constructive ratings (“buy”/”outperform”), a mixed signal that tempers upside expectations without flipping to negative coverage. Analyst price-target updates (Canaccord, RBC)
• Negative Sentiment: Barclays cut its price target from C$59 to C$52 and moved to “equal weight,” which is the most bearish analyst action among recent updates and likely weighs on near-term sentiment. Barclays lowers price target and rating

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.