The stock of TMX GROUP LIMITED (TSE:X) reached all time high today, Nov, 7 and still has $94.55 target or 50.00% above today’s $63.03 share price. This indicates more upside for the $3.44 billion company. This technical setup was reported by Barchart.com. If the $94.55 PT is reached, the company will be worth $1.72 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 39,682 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 -3.86% below today’s ($63.03) stock price. TMX Group Ltd. has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by TD Securities to “Hold” on Wednesday, December 9. IBC maintained the stock with “Sector Perform” rating in Wednesday, September 21 report. TD Securities upgraded TMX GROUP LIMITED (TSE:X) on Thursday, September 22 to “Buy” rating. The firm has “Buy” rating by TD Securities given on Friday, August 7. RBC Capital Markets maintained TMX GROUP LIMITED (TSE:X) rating on Wednesday, September 21. RBC Capital Markets has “Underperform” rating and $55 price target. The firm has “Sector Perform” rating by Scotia Capital given on Friday, August 7.
More important recent TMX GROUP LIMITED (TSE:X) news were published by: Prnewswire.com which released: “TMX Group Limited Increases Dividend to $0.45 per Common Share” on November 04, 2016, also Business.Financialpost.com published article titled: “TMX Group Ltd becomes world’s top-performing stock exchange operator on …”, Seekingalpha.com published: “TMX Group’s (TMXXF) CEO Lou Eccleston on Q3 2016 Results – Earnings Call …” on November 05, 2016. More interesting news about TMX GROUP LIMITED (TSE:X) was released by: Theglobeandmail.com and their article: “TMX Group cutting 10 per cent of staff to reduce costs” with publication date: September 21, 2016.
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