TMX Group (TSE:X) PT Set at C$44.00 by Canaccord Genuity Group

TMX Group (TSE:X) has been assigned a C$44.00 price target by Canaccord Genuity Group in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 20.95% from the company’s previous close.

A number of other research analysts also recently commented on the company. CIBC upped their price objective on TMX Group from C$35.00 to C$38.00 in a research note on Friday. TD Securities upped their price objective on TMX Group from C$34.00 to C$35.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Royal Bank of Canada upped their price objective on TMX Group from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. National Bankshares boosted their price target on TMX Group to C$37.00 and gave the stock a “sector perform” rating in a research report on Monday, February 5th. Finally, Scotiabank boosted their price target on TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$38.38.

TMX Group Price Performance

Shares of X opened at C$36.38 on Friday. The company has a market cap of C$10.06 billion, a P/E ratio of 28.42, a PEG ratio of 12.65 and a beta of 0.39. The stock has a fifty day moving average price of C$35.29 and a 200 day moving average price of C$32.54. The company has a debt-to-equity ratio of 26.67, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 12 month low of C$27.13 and a 12 month high of C$37.01.

TMX Group (TSE:X) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of C$300.05 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. On average, research analysts forecast that TMX Group will post 1.6194927 earnings per share for the current year.

Insider Activity

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