Barclays Boosts TMX Group (TSE:X) Price Target to C$40.00

TMX Group (TSE:X - Get Free Report) had its price target lifted by investment analysts at Barclays from C$38.00 to C$40.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Barclays's price objective suggests a potential downside of 0.60% from the company's current price.

Several other equities analysts have also commented on the stock. CIBC increased their price target on shares of TMX Group from C$38.00 to C$40.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Royal Bank of Canada decreased their price objective on TMX Group from C$40.00 to C$39.00 and set a "sector perform" rating for the company in a report on Sunday, May 5th. Canaccord Genuity Group set a C$44.00 price objective on TMX Group and gave the company a "buy" rating in a report on Friday, April 26th. TD Securities increased their price objective on TMX Group from C$35.00 to C$37.00 and gave the company a "hold" rating in a report on Monday, May 6th. Finally, BMO Capital Markets increased their price objective on TMX Group from C$42.00 to C$44.00 in a report on Wednesday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, TMX Group currently has a consensus rating of "Hold" and an average target price of C$40.38.

TMX Group Stock Up 3.5 %

Shares of X traded up C$1.36 during mid-day trading on Wednesday, hitting C$40.24. 348,088 shares of the company's stock were exchanged, compared to its average volume of 362,878. The stock's 50-day moving average is C$37.14 and its 200-day moving average is C$35.28. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a fifty-two week low of C$28.32 and a fifty-two week high of C$40.62. The company has a market cap of C$11.15 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, topping analysts' consensus estimates of C$0.37 by C$0.01. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. The firm had revenue of C$345.90 million for the quarter, compared to analyst estimates of C$338.61 million. On average, sell-side analysts anticipate that TMX Group will post 1.6098304 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Peter Alexander Conroy sold 13,965 shares of TMX Group stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. In related news, Senior Officer Cheryl Graden sold 146,115 shares of TMX Group stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Also, Director Peter Alexander Conroy sold 13,965 shares of the firm's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.19, for a total value of C$505,347.27. Company insiders own 1.15% 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.