TMX Group (TSE:X – Get Free Report) had its price target upped by Royal Bank of Canada from C$36.00 to C$38.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 4.91% from the stock’s current price.
Other analysts also recently issued research reports about the company. National Bankshares raised their price target on TMX Group to C$37.00 and gave the stock a “sector perform” rating in a report on Monday, February 5th. CIBC raised their price target on TMX Group from C$35.00 to C$38.00 in a report on Friday. Barclays raised their price target on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Scotiabank raised their price target on TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Finally, Canaccord Genuity Group set a C$44.00 target price on TMX Group and gave the company a “buy” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$38.63.
Check Out Our Latest Stock Analysis on X
TMX Group Stock Down 0.4 %
TMX Group (TSE:X – Get Free Report) last issued its earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. The company had revenue of C$301.50 million during the quarter, compared to analyst estimates of C$300.05 million. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. As a group, equities research analysts expect that TMX Group will post 1.6194927 EPS for the current year.
Insider Buying and Selling
In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total value of C$3,234,636.08. In other news, Senior Officer Luc Fortin sold 15,140 shares of TMX Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of TMX Group stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Insiders own 5.57% of the company’s stock.
TMX Group Company Profile
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.
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