National Bankshares Forecasts Strong Price Appreciation for TMX Group (TSE:X) Stock

TMX Group (TSE:X) had its price objective lifted by National Bankshares from C$43.00 to C$44.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 1.17% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. BMO Capital Markets boosted their target price on TMX Group from C$44.00 to C$46.00 in a report on Thursday, October 10th. CIBC boosted their price objective on TMX Group from C$40.00 to C$43.00 in a research note on Friday, July 19th. TD Securities raised their target price on TMX Group from C$42.00 to C$43.00 and gave the company a “hold” rating in a research note on Monday. Barclays boosted their price target on shares of TMX Group from C$40.00 to C$42.00 in a research report on Friday, August 2nd. Finally, Royal Bank of Canada raised their price objective on shares of TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, TMX Group currently has an average rating of “Hold” and an average target price of C$44.31.

TMX Group Trading Down 0.9 %

TSE:X opened at C$43.49 on Wednesday. The stock has a market cap of C$12.07 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a 1 year low of C$28.52 and a 1 year high of C$45.92. The business has a fifty day moving average of C$43.01 and a 200-day moving average of C$40.00.

TMX Group (TSE:X) last announced its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The firm had revenue of C$353.80 million during the quarter, compared to analyst estimates of C$356.24 million. Equities analysts predict that TMX Group will post 1.7708421 earnings per share for the current year.

Insiders Place Their Bets

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. In related news, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Also, Director Elias Anastasopoulos sold 20,850 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total transaction of C$886,125.00. Corporate insiders own 1.15% 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.