TMX Group (TSE:X) Given New C$67.00 Price Target at RBC Dominion Securities

TMX Group (TSE:X) had its price objective decreased by equities research analysts at RBC Dominion Securities from C$69.00 to C$67.00 in a research report issued on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. RBC Dominion Securities’ target price indicates a potential upside of 24.35% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Barclays raised their price target on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. National Bank Financial upgraded shares of TMX Group from a “hold” rating to an “outperform” rating and dropped their price objective for the company from C$65.00 to C$63.00 in a research note on Monday, July 27th. Raymond James Financial dropped their price objective on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research note on Friday, July 31st. Finally, Canaccord Genuity Group increased their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, TMX Group presently has an average rating of “Moderate Buy” and a consensus target price of C$65.55.

TMX Group Stock Up 1.3%

Shares of TMX Group stock traded up C$0.68 during midday trading on Thursday, hitting C$53.88. The company’s stock had a trading volume of 220,893 shares, compared to its average volume of 806,478. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$57.27. The company has a quick ratio of 0.01, a current ratio of 2.76 and a debt-to-equity ratio of 41.81. The firm has a market capitalization of C$14.84 billion, a P/E ratio of 24.83, a PEG ratio of 12.65 and a beta of -0.17. The stock has a 50-day simple moving average of C$53.31 and a 200-day simple moving average of C$51.78.

TMX Group (TSE:X) last issued its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share for the quarter. The company had revenue of C$487.50 million for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%. As a group, sell-side analysts expect that TMX Group will post 1.77 earnings per share for the current year.

Insider Buying and Selling

In other TMX Group news, insider Cheryl Graden sold 17,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$54.14, for a total value of C$920,380.00. Insiders sold a total of 41,735 shares of company stock valued at $2,268,124 in the last quarter. Insiders own 1.15% of the company’s stock.

About TMX Group

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.