TMX Group (TSE:X) Price Target Raised to C$69.00

TMX Group (TSE:X) had its target price raised by stock analysts at Raymond James Financial from C$64.50 to C$69.00 in a research note issued on Friday, BayStreet reports. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial‘s target price points to a potential upside of 13.96% from the company’s current price.

Other research analysts also recently issued reports about the company. National Bank Financial lifted their target price on TMX Group from C$64.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Wednesday. RBC Dominion Securities reduced their price objective on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Barclays raised their target price on shares of TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. Finally, Canaccord Genuity Group upped their target price on TMX Group from C$64.00 to C$65.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$66.75.

TMX Group Stock Up 6.1%

Shares of TSE:X traded up C$3.49 during midday trading on Friday, hitting C$60.55. The stock had a trading volume of 830,949 shares, compared to its average volume of 799,237. The company has a market cap of C$16.68 billion, a P/E ratio of 27.90, a PEG ratio of 12.65 and a beta of -0.17. TMX Group has a 12 month low of C$44.10 and a 12 month high of C$62.57. The business’s 50-day simple moving average is C$53.99 and its 200-day simple moving average is C$51.14. The company has a quick ratio of 0.01, a current ratio of 2.76 and a debt-to-equity ratio of 41.81.

TMX Group (TSE:X) last posted its quarterly earnings results on Thursday, October 29th. The company reported C$0.63 earnings per share (EPS) for the quarter. TMX Group had a net margin of 32.55% and a return on equity of 3.81%. The firm had revenue of C$491.10 million for the quarter. On average, sell-side analysts forecast that TMX Group will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Cheryl Graden sold 17,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were 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 worth $2,268,124 over the last three months. 1.15% of the stock is currently owned by insiders.

Key TMX Group News

Here are the key news stories impacting TMX Group this week:

• Positive Sentiment: Higher analyst price target: National Bank Financial raised its target for TMX Group from C$64 to C$67 and maintained an “outperform” rating, implying meaningful potential appreciation. National Bank Financial raises TMX Group price target
• Positive Sentiment: Extended-hours expansion: TMX plans to introduce extended trading hours for TSX Alpha in spring 2027. The initiative could improve market access, trading activity and long-term revenue diversification. TMX plans TSX Alpha extended hours
• Positive Sentiment: Dividend support: TMX declared a quarterly dividend of C$0.26 per common share, payable November 27, reinforcing its income appeal and confidence in cash generation. TMX Group declares dividend
• Positive Sentiment: Diversification remains a key theme: Management highlighted the balance between TMX’s core exchange operations and newer growth businesses, supporting the market’s view of a broader and more resilient platform. TMX CEO discusses diversification
• Neutral Sentiment: Third-quarter results were mixed: TMX reported C$0.63 in EPS and C$491.1 million in revenue, with a 32.55% net margin and 3.81% return on equity. The results provide a solid operating base, although reported profit declined year over year. TMX Group third-quarter results
• Negative Sentiment: Leverage may rise: Management expects leverage to peak around 3.1x–3.2x, which could constrain financial flexibility and increase sensitivity to interest rates as TMX invests in growth.

TMX Group Company Profile

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.