RBC Capital Markets Increases Tmx Group Limited (X) Price Target to C$55.00
Tmx Group Limited (TSE:X) had its price target upped by analysts at RBC Capital Markets from C$53.00 to C$55.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “underperform” rating on the stock. RBC Capital Markets’ target price would suggest a potential downside of 3.20% from the company’s previous close.
X has been the topic of a number of other research reports. Scotiabank boosted their price objective on shares of Tmx Group Limited from C$50.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 2nd. CIBC boosted their price objective on shares of Tmx Group Limited from C$53.00 to C$63.00 in a research report on Saturday, August 6th. TD Securities boosted their price target on shares of Tmx Group Limited from C$62.00 to C$65.00 and gave the company a “hold” rating in a research report on Thursday, August 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Tmx Group Limited from C$53.00 to C$55.00 and gave the company an “underperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$56.43.
Shares of Tmx Group Limited (TSE:X) traded up 1.60% during trading on Wednesday, reaching $57.73. 288,203 shares of the company traded hands. The firm’s 50 day moving average is $58.49 and its 200-day moving average is $52.87. Tmx Group Limited has a 12-month low of $33.30 and a 12-month high of $61.99. The stock’s market capitalization is $3.15 billion.
Tmx Group Limited Company Profile
TMX Group, Ltd. is a Canada-based company, which operates cash and derivative markets for multiple asset classes including equities, fixed income and energy. The Company also provides clearing facilities, data products and other services to the international financial community. The Company operates Toronto Stock Exchange and TSX Venture Exchange, TMX Group and TMX Datalinx.
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