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

TMX Group (TSE:X) had its target price lifted by research analysts at Barclays from C$56.00 to C$58.00 in a note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s target price points to a potential upside of 5.03% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on X. National Bankshares upped their target price on shares of TMX Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Canaccord Genuity Group increased their target price on shares of TMX Group from C$52.00 to C$58.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. CIBC increased their price target on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Scotiabank increased their price target on shares of TMX Group from C$56.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 7th. Finally, Raymond James Financial upgraded shares of TMX Group to a “moderate buy” rating in a research report on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$55.38.

TMX Group Stock Performance

Shares of TMX Group stock opened at C$55.22 on Thursday. TMX Group has a 52 week low of C$39.61 and a 52 week high of C$57.77. The stock has a market capitalization of C$15.36 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The firm has a fifty day moving average of C$55.70 and a two-hundred day moving average of C$51.41.

TMX Group Company Profile

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.