The stock of TMX GROUP LIMITED (TSE:X) hit a new 52-week high and has $87.65 target or 39.00% above today’s $63.06 share price. The 6 months bullish chart indicates low risk for the $3.44 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $87.65 price target is reached, the company will be worth $1.34 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 39,582 shares traded hands. TMX GROUP LIMITED (TSE:X) has risen 32.78% since April 1, 2016 and is uptrending. It has outperformed by 30.82% the S&P500.
TMX GROUP LIMITED (TSE:X) Ratings Coverage
Out of 4 analysts covering TMX Group Ltd. (TSE:X), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. $69 is the highest target while $48 is the lowest. The $60.60 average target is -3.90% below today’s ($63.06) stock price. TMX Group Ltd. has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. TD Securities downgraded TMX GROUP LIMITED (TSE:X) on Wednesday, December 9 to “Hold” rating. The stock has “Buy” rating given by TD Securities on Thursday, September 22. IBC maintained it with “Sector Perform” rating and $66 target price in Wednesday, September 21 report. The stock of TMX GROUP LIMITED (TSE:X) earned “Underperform” rating by RBC Capital Markets on Wednesday, September 21. Scotia Capital maintained TMX GROUP LIMITED (TSE:X) rating on Friday, August 7. Scotia Capital has “Sector Perform” rating and $55 price target. TD Securities maintained it with “Buy” rating and $58 target price in Friday, August 7 report.
More recent TMX GROUP LIMITED (TSE:X) news were published by: Business.Financialpost.com which released: “TMX Group Ltd becomes world’s top-performing stock exchange operator on …” on February 09, 2016. Also Seekingalpha.com published the news titled: “TMX Group’s (TMXXF) CEO Lou Eccleston on Q3 2016 Results – Earnings Call …” on November 05, 2016. Theglobeandmail.com‘s news article titled: “TMX Group cutting 10 per cent of staff to reduce costs” with publication date: September 21, 2016 was also an interesting one.
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