CIBC Boosts TMX Group (TSE:X) Price Target to C$38.00

TMX Group (TSE:X) had its price target boosted by analysts at CIBC from C$35.00 to C$38.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 4.45% from the company’s current price.

X has been the topic of a number of other reports. Scotiabank upped their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Barclays upped their price target on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Royal Bank of Canada upped their price target on shares of TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. National Bankshares increased their target price on shares of TMX Group to C$37.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. Finally, BMO Capital Markets upgraded shares of TMX Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$36.00 to C$41.00 in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$38.38.

TMX Group Trading Up 0.9 %

X stock opened at C$36.38 on Friday. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. TMX Group has a twelve month low of C$27.13 and a twelve month high of C$37.01. The stock has a market capitalization of C$10.06 billion, a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 12.65 and a beta of 0.39. The firm’s fifty day simple moving average is C$35.29 and its two-hundred day simple moving average is C$32.54.

TMX Group (TSE:X) last posted its quarterly earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting analysts’ consensus estimates of C$0.37. The firm 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%. As a group, analysts anticipate that TMX Group will post 1.6194927 earnings per share for the current year.

Insider Buying and Selling at TMX Group

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total transaction of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total transaction of C$534,744.80. Insiders own 5.57% of the company’s stock.

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.