TMX Group (TSE:X – Get Free Report) had its price target raised by investment analysts at CIBC from C$35.00 to C$38.00 in a research note issued on Friday, BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 4.45% from the stock’s previous close.
Several other research firms have also recently issued reports on X. Scotiabank increased their target price on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. TD Securities raised their price objective on shares of TMX Group from C$34.00 to C$35.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. National Bankshares raised their price objective on shares of TMX Group to C$37.00 and gave the company a “sector perform” rating in a research report on Monday, February 5th. Royal Bank of Canada raised their price objective on shares of TMX Group from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$36.00 to C$41.00 in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, TMX Group presently has an average rating of “Hold” and an average target price of C$38.38.
View Our Latest Analysis on TMX Group
TMX Group Stock Performance
TMX Group (TSE:X – Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, meeting analysts’ consensus estimates of C$0.37. The company had revenue of C$301.50 million for the quarter, compared to analysts’ expectations of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. On average, sell-side analysts anticipate that TMX Group will post 1.6194927 earnings per share for the current year.
Insider Transactions at TMX Group
In other news, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In other news, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Corporate insiders own 5.57% of the company’s stock.
About TMX Group
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.
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