TMX Group (TSE:X) Given a C$66.00 Price Target by Royal Bank Of Canada Analysts

TMX Group (TSE:X) has been given a C$66.00 price target by analysts at Royal Bank Of Canada in a research note issued on Wednesday, Marketbeat.com reports. The brokerage presently has a “moderate buy” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 25.00% from the stock’s previous close.

A number of other research analysts have also commented on the company. National Bankshares increased their price objective on TMX Group from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a report on Monday, August 4th. Barclays upped their price objective on shares of TMX Group from C$56.00 to C$58.00 in a research report on Thursday, July 10th. Raymond James Financial raised their price objective on shares of TMX Group from C$59.00 to C$62.50 and gave the stock an “outperform” rating in a report on Friday, August 1st. BMO Capital Markets upped their price objective on TMX Group from C$57.00 to C$61.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Finally, TD Securities increased their target price on TMX Group from C$57.00 to C$58.00 and gave the stock a “hold” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$61.06.

TMX Group Stock Performance

X stock opened at C$52.80 on Wednesday. The firm has a 50 day moving average of C$55.02 and a two-hundred day moving average of C$54.51. TMX Group has a 12 month low of C$42.06 and a 12 month high of C$57.98. The company has a market capitalization of C$14.68 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 12.65 and a beta of 0.10. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.