Deutsche Bank Aktiengesellschaft Raises Its TMX Group Price Target (TSE: X) to C $ 152.00
TMX Group (TSE: X) saw its price target raised by stock researchers at Deutsche Bank Aktiengesellschaft from C $ 151.00 to C $ 152.00 in a report released Friday, reports BayStreet.CA. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential rise of 21.68% from the company’s current price.
A number of other research firms have also weighed on X recently. Scotiabank has downgraded TMX Group shares to a “conservation” rating and has set a price target of C $ 153.00 for the share. in a report on Wednesday, November 10. National Bank Shares increased its price target for TMX Group shares from C $ 152.00 to C $ 154.00 and assigned the stock a “sector performance” rating in a report released on Friday, October 22. Finally, the Royal Bank of Canada lowered its price target for TMX Group shares from C $ 159.00 to C $ 157.00 and established a “sector performance” rating for the stock in a report released on Tuesday, November 9. Five analysts assigned a conservation rating to the stock, one assigned a buy rating, and another assigned a high buy rating to the company. According to MarketBeat.com, TMX Group has a consensus rating of “Hold” and an average price target of C $ 153.29.
TSE X traded down C $ 0.01 during trading hours on Friday, reaching C $ 124.92. 43,321 shares of the company traded for an average volume of 112,222. TMX Group has a 12-month low of C $ 120.13 and a 12-month high of C $ 145.69. The company has a current ratio of 1.01, a quick ratio of 0.01, and a debt ratio of 30.15. The stock has a market capitalization of C $ 7.03 billion and a PE ratio of 21.92. The company has a 50-day moving average of C $ 131.55 and a two-hundred-day moving average of C $ 133.98.
TMX Group (TSE: X) last released its quarterly results on Monday, November 8. The company reported earnings per share (EPS) of C $ 1.57 for the quarter, missing Zacks’ consensus estimate of C $ 1.60 by C $ 0.03. The company reported sales of C $ 231.30 million for the quarter, compared to the consensus estimate of C $ 232.25 million. On average, equity research analysts predict that TMX Group will post earnings per share of 7.03,000 for the current year.
In addition, the director Luc Bertrand bought 10,000 shares of the company during a transaction on Thursday, November 18. The stock was purchased at an average price of CA $ 133.00 per share, for a total transaction of CA $ 1,330,000.00. Following the completion of the Acquisition, the Director now directly owns 600,000 shares of the Company, valued at approximately CA $ 79,800,000.
TMX Group Company Profile
TMX Group Limited operates exchanges, marketplaces and clearing houses primarily for the capital markets in Canada and abroad. The company operates through four segments: Global Solutions, Insights & Analytics; Capital formation; Trading and clearing of derivative products; and Trading and clearing of equities and fixed income securities.
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