Royal Bank of Canada Increases TMX Group (TSE:X) Price Target to C$118.00

TMX Group (TSE:X) had its target price hoisted by Royal Bank of Canada from C$106.00 to C$118.00 in a note issued to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 4.22% from the company’s previous close.

X has been the subject of several other reports. TD Securities upped their target price on shares of TMX Group from C$105.00 to C$108.00 and gave the company a “buy” rating in a research note on Friday, July 26th. CIBC downgraded shares of TMX Group from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$101.00 to C$97.00 in a research note on Tuesday, April 23rd. BMO Capital Markets upped their target price on shares of TMX Group from C$110.00 to C$115.00 in a research note on Thursday. Finally, National Bank Financial upped their price target on shares of TMX Group from C$97.00 to C$103.00 and gave the company an “outperform” rating in a report on Friday, May 10th.

Shares of X stock traded up C$11.82 on Thursday, hitting C$113.22. The stock had a trading volume of 349,093 shares, compared to its average volume of 138,698. The stock has a market capitalization of $5.66 billion and a price-to-earnings ratio of 22.38. The business has a 50 day simple moving average of C$93.99. The company has a debt-to-equity ratio of 33.73, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a 52-week low of C$68.87 and a 52-week high of C$114.46.

TMX Group (TSE:X) last announced its earnings results on Thursday, May 9th. The company reported C$1.30 earnings per share for the quarter, beating the consensus estimate of C$1.16 by C$0.14. The firm had revenue of C$197.50 million during the quarter, compared to analysts’ expectations of C$196.90 million. Sell-side analysts expect that TMX Group will post 6 earnings per share for the current year.

In related news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of C$90.00, for a total value of C$270,000.00. Following the sale, the insider now directly owns 1,350 shares of the company’s stock, valued at C$121,500.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading and Clearing.

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