Haywood Securities cuts TMX Group (TSE:X) price target to C$138.00


TMX Group (TSE:X – Get a Rating) had its target price lowered by equity researchers at Haywood Securities to C$138.00 in a research report released on Friday, Stock Target Advisor reports. The brokerage currently has an “industry performance” rating on the stock. Haywood Securities’ price target would point to a potential upside of 9.79% from the stock’s previous close.

Several other brokerages also weighed in on X. Royal Bank of Canada raised its price target on TMX Group from CA$163.00 to CA$165.00 and gave the company an “outperform” rating. in a research note from Tuesday, May 3. National Bankshares cut its price target on TMX Group from CA$141.00 to CA$138.00 and set an “industry performance” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered its price target on TMX Group from CA$150.00 to CA$148.00 in a Wednesday, July 13 research note. Scotiabank raised its price target on TMX Group from C$148.00 to C$152.00 in a Wednesday, May 4 research note. Finally, BMO Capital Markets lowered its price target on TMX Group from CA$151.00 to CA$147.00 in a Tuesday, July 19 report. Five investment analysts gave the stock a hold rating, two issued a buy rating and one gave the company a strong buy rating. According to data from MarketBeat, the stock has a consensus rating of “moderate buy” and a consensus target price of C$147.44.

TMX Group Stock Performance

TSE X opened at C$125.70 on Friday. The stock has a 50-day simple moving average of C$133.13 and a 200-day simple moving average of C$130.66. The company has a market capitalization of C$7.02 billion and a P/E ratio of 13.90. TMX Group has a fifty-two week low of C$121.42 and a fifty-two week high of C$145.69. The company has a debt ratio of 27.59, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group (TSE:X – Get Rating) last announced its quarterly results on Monday, May 2. The company reported earnings per share of C$1.82 for the quarter, beating the consensus estimate of C$1.75 by C$0.07. The company posted revenue of C$287.10 million in the quarter, while analysts had expected C$258.77 million. On average, stock analysts expect TMX Group to post earnings per share of 7.6399995 for the current year.

Insider Trading at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 21,118 shares of the company in a trade that took place on Wednesday May 4. The stock was sold at an average price of CA$132.82, for a total transaction of CA$2,804,825.18.

TMX Group Company Profile

(Get a rating)

TMX Group Limited operates exchanges, markets and clearing houses primarily for the financial markets in Canada and abroad. The Company operates through four segments: Global Solutions, Insights & Analytics; Capital formation; Derivatives trading and clearing; and trading and clearing of equity and fixed income securities.

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