TMX GROUP LIMITED Just Reaches All-Time High?

 TMX GROUP LIMITED Just Reaches All Time High?

The stock of TMX GROUP LIMITED (TSE:X) reached all time high today, Nov, 24 and still has $68.55 target or 3.00% above today’s $66.55 share price. This indicates more upside for the $3.65 billion company. This technical setup was reported by Barchart.com. If the $68.55 PT is reached, the company will be worth $109.50 million 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 2,255 shares traded hands. TMX GROUP LIMITED (TSE:X) has risen 31.32% since April 20, 2016 and is uptrending. It has outperformed by 25.91% 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 -8.94% below today’s ($66.55) stock price. TMX Group Ltd. has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Buy” rating and $58 target price in Friday, August 7 report. On Friday, August 7 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm has “Sector Perform” rating by IBC given on Wednesday, September 21. TD Securities upgraded TMX GROUP LIMITED (TSE:X) on Thursday, September 22 to “Buy” rating. As per Wednesday, December 9, the company rating was downgraded by TD Securities. As per Wednesday, September 21, the company rating was maintained by RBC Capital Markets.

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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