Royal Bank Of Canada Forecasts Strong Price Appreciation for TMX Group (TSE:X) Stock

TMX Group (TSE:X) had its target price upped by Royal Bank Of Canada from C$66.00 to C$67.00 in a report released on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s target price points to a potential upside of 34.21% from the company’s current price.

X has been the subject of several other reports. Scotiabank set a C$70.00 target price on shares of TMX Group and gave the company a “sector perform” rating in a research note on Friday, October 24th. National Bankshares raised their price objective on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Barclays cut their price objective on shares of TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$58.00 to C$60.00 in a research report on Wednesday. Finally, Raymond James Financial cut their price objective on shares of TMX Group from C$62.50 to C$59.00 and set an “outperform” rating for the company in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$61.11.

TMX Group Trading Up 0.1%

Shares of TSE:X opened at C$49.92 on Wednesday. TMX Group has a 52-week low of C$42.47 and a 52-week high of C$57.98. The company has a market capitalization of C$13.88 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 12.65 and a beta of -0.02. The company has a 50-day simple moving average of C$52.64 and a 200 day simple moving average of C$54.54. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

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.