National Bankshares Increases TMX Group (TSE:X) Price Target to C$40.00

TMX Group (TSE:X) had its target price hoisted by stock analysts at National Bankshares from C$37.00 to C$40.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 11.17% from the company’s current price.

A number of other analysts have also recently commented on X. Canaccord Genuity Group set a C$44.00 target price on shares of TMX Group and gave the company a “buy” rating in a report on Friday, April 26th. CIBC boosted their target price on TMX Group from C$35.00 to C$38.00 in a research report on Friday, April 26th. Scotiabank boosted their target price on TMX Group from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada upped their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, TD Securities upped their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$39.13.

TMX Group Stock Down 1.3 %

Shares of TSE X opened at C$35.98 on Tuesday. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67. TMX Group has a 52 week low of C$27.57 and a 52 week high of C$37.01. The firm’s fifty day moving average is C$35.38 and its 200 day moving average is C$32.64. The company has a market cap of C$9.95 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 12.65 and a beta of 0.39.

TMX Group (TSE:X) last released its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share for the quarter, meeting the consensus estimate of C$0.37. The business had revenue of C$301.50 million for the quarter, compared to analysts’ expectations of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. On average, equities research analysts expect that TMX Group will post 1.6194927 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction that occurred 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. In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the 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. Also, Senior Officer Luc Fortin sold 15,140 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. Corporate 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.