CIBC Forecasts Strong Price Appreciation for TMX Group (TSE:X) Stock

TMX Group (TSE:X) had its price target raised by analysts at CIBC from C$43.00 to C$46.00 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 5.50% from the company’s previous close.

Several other equities research analysts also recently weighed in on X. National Bankshares increased their price target on TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday. Scotiabank upped their price objective on shares of TMX Group from C$39.00 to C$43.50 in a research report on Wednesday, July 24th. BMO Capital Markets lifted their target price on shares of TMX Group from C$44.00 to C$46.00 in a report on Thursday, October 10th. TD Securities increased their price target on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Monday. Finally, Barclays lifted their price objective on TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$44.31.

TMX Group Stock Performance

Shares of TSE:X traded down C$0.30 on Thursday, reaching C$43.60. The company’s stock had a trading volume of 218,744 shares, compared to its average volume of 353,613. TMX Group has a 52-week low of C$28.52 and a 52-week high of C$45.92. The stock has a market capitalization of C$12.10 billion, a P/E ratio of 29.52, a PEG ratio of 12.65 and a beta of 0.43. The stock’s 50-day moving average is C$43.01 and its two-hundred day moving average is C$40.00. The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01.

TMX Group (TSE:X) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The firm had revenue of C$353.80 million during the quarter, compared to the consensus estimate of C$356.24 million. As a group, sell-side analysts forecast that TMX Group will post 1.7708421 EPS for the current year.

Insider Buying and Selling at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. 1.15% of the stock is currently owned by corporate insiders.

TMX Group Company Profile

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.