Canaccord Genuity Group Lowers TMX Group (TSE:X) Price Target to C$61.00

TMX Group (TSE:X) had its price objective decreased by Canaccord Genuity Group from C$64.00 to C$61.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 32.21% from the stock’s previous close.

X has been the topic of several other research reports. Royal Bank Of Canada upped their price objective on TMX Group from C$66.00 to C$67.00 in a research note on Wednesday, October 29th. Raymond James Financial raised TMX Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from C$59.00 to C$61.00 in a report on Monday. TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating and increased their price target for the company from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Scotiabank set a C$70.00 price target on TMX Group and gave the company a “sector perform” rating in a report on Friday, October 24th. Finally, National Bankshares upped 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 report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$60.67.

TMX Group Stock Performance

Shares of X stock opened at C$46.14 on Monday. The company has a fifty day moving average price of C$50.78 and a two-hundred day moving average price of C$52.32. TMX Group has a one year low of C$44.82 and a one year high of C$57.98. The stock has a market cap of C$12.84 billion, a P/E ratio of 30.97, a P/E/G ratio of 12.65 and a beta of -0.20. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

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

Key TMX Group News

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.