BMO Capital Markets Issues Positive Forecast for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X - Get Free Report) had its price target increased by research analysts at BMO Capital Markets from C$55.00 to C$57.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 11.20% from the stock's current price.

A number of other analysts have also weighed in on the company. Barclays increased their price objective on TMX Group from C$53.00 to C$55.00 in a research note on Tuesday, April 8th. TD Securities increased their price target on shares of TMX Group from C$44.00 to C$45.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, TMX Group presently has an average rating of "Hold" and a consensus price target of C$47.56.

TMX Group Trading Down 0.7 %

X stock traded down C$0.36 during trading on Tuesday, hitting C$51.26. 1,799,429 shares of the company traded hands, compared to its average volume of 508,131. The company has a 50-day moving average of C$50.78 and a 200-day moving average of C$46.59. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. TMX Group has a 1 year low of C$35.65 and a 1 year high of C$53.66. The firm has a market capitalization of C$14.26 billion, a PE ratio of 29.59, a P/E/G ratio of 12.65 and a beta of 0.43.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is currently owned by corporate insiders.

About TMX Group

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.