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

TMX Group (TSE:X) had its price target hoisted by analysts at Royal Bank Of Canada from C$64.00 to C$65.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 20.17% from the company’s current price.

X has been the topic of several other research reports. Raymond James Financial raised their price target on TMX Group from C$61.00 to C$61.50 and gave the company a “strong-buy” rating in a research note on Friday, April 17th. Barclays raised their price target on TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Canaccord Genuity Group dropped their price objective on TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$61.61.

TMX Group Stock Performance

Shares of TMX Group stock opened at C$54.09 on Thursday. The firm has a market cap of C$15.04 billion, a P/E ratio of 36.30, a P/E/G ratio of 12.65 and a beta of -0.35. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 45.58. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$57.98. The stock’s fifty day moving average price is C$49.14 and its 200-day moving average price is C$50.15.

TMX Group (TSE:X) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$457.80 million for the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%. On average, equities research analysts expect that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

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.