TMX Group Limited (OTCMKTS:TMXXF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of TMX Group Limited (OTCMKTS:TMXXF) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts recently commented on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of TMX Group in a research note on Monday, August 17th. They set an “outperform” rating for the company. Scotiabank restated an “outperform” rating on shares of TMX Group in a research report on Monday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of TMX Group in a report on Wednesday, May 6th. Finally, National Bank Financial raised TMX Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 27th.

TMX Group Stock Performance

Shares of OTCMKTS TMXXF opened at $39.33 on Friday. TMX Group has a 52 week low of $31.66 and a 52 week high of $41.94. The business has a 50-day simple moving average of $35.88 and a two-hundred day simple moving average of $36.36.

TMX Group Company Profile

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.