Barclays Raises TMX Group (TSE:X) Price Target to C$59.00

TMX Group (TSE:X) had its target price increased by investment analysts at Barclays from C$58.00 to C$59.00 in a report issued on Thursday,BayStreet.CA reports. Barclays‘s price target suggests a potential upside of 23.30% from the company’s current price.

X has been the topic of several other reports. Royal Bank Of Canada raised their price target on TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Scotia increased their target price on TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. National Bank Financial raised their target price on TMX Group from C$63.00 to C$64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. BMO Capital Markets boosted their price target on TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group upped their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$65.47.

TMX Group Stock Performance

X stock traded down C$0.66 on Thursday, hitting C$47.85. The company had a trading volume of 199,010 shares, compared to its average volume of 879,199. The company has a current ratio of 2.35, a quick ratio of 0.01 and a debt-to-equity ratio of 44.08. TMX Group has a 12-month low of C$44.10 and a 12-month high of C$57.98. The stock has a market cap of C$13.21 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 12.65 and a beta of -0.16. The stock’s 50-day simple moving average is C$50.86 and its 200 day simple moving average is C$50.07.

Insider Activity at TMX Group

In other news, insider John Mckenzie sold 69,970 shares of TMX Group stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the transaction, the insider directly owned 100,774 shares of the company’s stock, valued at C$5,513,345.54. The trade was a 40.98% decrease in their position. 1.15% of the stock is owned by company insiders.

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.