Royal Bank Of Canada Has Lowered Expectations for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its target price decreased by investment analysts at Royal Bank Of Canada from C$67.00 to C$64.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 38.71% from the stock’s previous close.

Several other analysts have also recently commented on X. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Raymond James Financial upgraded shares of TMX Group from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from C$59.00 to C$61.00 in a research report on Monday. Barclays decreased their price target on TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research note on Monday. Canaccord Genuity Group reduced their price objective on TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a report on Monday. Finally, Scotiabank set a C$70.00 target price on TMX Group and gave the stock a “sector perform” rating in a research report on Friday, October 24th. One research 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$60.67.

TMX Group Stock Down 1.1%

X opened at C$46.14 on Monday. 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 has a 12 month low of C$44.82 and a 12 month high of C$57.98. The stock has a market capitalization 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 business has a 50 day simple moving average of C$50.78 and a 200-day simple moving average of C$52.32.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, February 5th. The company reported C$0.60 earnings per share for the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%.The firm 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.

More 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.