A Reversal for TMX GROUP LIMITED Is Not Near. The Stock Reaches 52-Week High Today

 A Reversal for TMX GROUP LIMITED Is Not Near. The Stock Reaches 52 Week High Today

The stock of TMX GROUP LIMITED (TSE:X) hit a new 52-week high and has $72.01 target or 9.00% above today’s $66.06 share price. The 9 months bullish chart indicates low risk for the $3.61B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $72.01 price target is reached, the company will be worth $324.90 million 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 201,166 shares traded hands or 188.63% up from the average. TMX GROUP LIMITED (TSE:X) has risen 28.51% since April 19, 2016 and is uptrending. It has outperformed by 23.18% 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 -8.27% below today’s ($66.06) stock price. TMX Group Ltd. has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of TMX GROUP LIMITED (TSE:X) earned “Buy” rating by TD Securities on Friday, August 7. The stock has “Sector Perform” rating given by Scotia Capital on Friday, August 7. On Wednesday, September 21 the stock rating was maintained by IBC with “Sector Perform”. The rating was maintained by RBC Capital Markets with “Underperform” on Wednesday, September 21. TD Securities upgraded TMX GROUP LIMITED (TSE:X) on Thursday, September 22 to “Buy” rating. The rating was downgraded by TD Securities to “Hold” on Wednesday, December 9.

More notable recent TMX GROUP LIMITED (TSE:X) news were published by: Business.Financialpost.com which released: “Competition Bureau discontinues investigation into TMX Group on market data …” on November 21, 2016, also Prnewswire.com with their article: “TMX Group Limited Increases Dividend to $0.45 per Common Share” published on November 04, 2016, Marketwatch.com published: “/CORRECTION — TMX Group Limited/” on November 18, 2016. More interesting news about TMX GROUP LIMITED (TSE:X) were released by: Theglobeandmail.com and their article: “TMX Group cutting 10 per cent of staff to reduce costs” published on September 21, 2016 as well as Fool.ca‘s news article titled: “Why Manulife Financial Corp. and TMX Group Limited Have Moved Over 4%” with publication date: August 04, 2016.

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