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

TMX Group (TSE:X - Get Free Report) had its target price raised by equities researchers at National Bankshares from C$43.00 to C$44.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price objective points to a potential upside of 0.23% from the stock's current price.

A number of other research analysts have also issued reports on the stock. TD Securities boosted 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 research note on Monday. CIBC increased their target price on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. Scotiabank lifted their price target on TMX Group from C$39.00 to C$43.50 in a research note on Wednesday, July 24th. BMO Capital Markets increased their price objective on TMX Group from C$44.00 to C$46.00 in a research report on Thursday, October 10th. Finally, Royal Bank of Canada raised their target price on TMX Group from C$44.00 to C$46.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$43.94.

TMX Group Stock Performance

Shares of X stock traded up C$0.06 during mid-day trading on Wednesday, hitting C$43.90. 320,002 shares of the stock were exchanged, compared to its average volume of 354,361. The stock's fifty day simple moving average is C$43.01 and its two-hundred day simple moving average is C$40.00. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a 12-month low of C$28.52 and a 12-month high of C$44.28. The stock has a market capitalization of C$12.19 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.43 EPS for the quarter, meeting analysts' consensus estimates of C$0.43. The company had revenue of C$367.10 million for the quarter, compared to analyst estimates of C$361.44 million. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. On average, analysts forecast that TMX Group will post 1.7708421 EPS for the current year.

Insider Buying and Selling

In related news, Director Elias Anastasopoulos sold 20,850 shares of the business'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. In other news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of TMX Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$41.44, for a total value of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was 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 company 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.