BMO Capital Markets Boosts TMX Group (TSE:X) Price Target to C$61.00

TMX Group (TSE:X) had its target price boosted by investment analysts at BMO Capital Markets from C$57.00 to C$61.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 9.38% from the stock’s current price.

X has been the topic of several other research reports. CIBC raised their target price on shares of TMX Group from C$55.00 to C$57.00 and gave the company a “neutral” rating in a research note on Monday, April 28th. Scotiabank lifted their price objective on shares of TMX Group from C$56.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. National Bankshares lifted their price objective on shares of TMX Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Barclays lifted their price objective on shares of TMX Group from C$56.00 to C$58.00 in a research note on Thursday, July 10th. Finally, TD Securities lifted their price objective on shares of TMX Group from C$54.00 to C$57.00 and gave the stock a “hold” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$56.25.

TMX Group Stock Down 2.2%

Shares of TSE X opened at C$55.77 on Wednesday. The firm has a market capitalization of C$15.51 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. TMX Group has a 1 year low of C$39.70 and a 1 year high of C$57.77. The firm’s 50-day moving average is C$55.79 and its 200-day moving average is C$51.73.

About TMX Group

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.