TMX Group (X) Sets New 52-Week Low at $75.50

Shares of TMX Group Ltd (TSE:X) hit a new 52-week low on Friday . The stock traded as low as C$75.50 and last traded at C$78.26, with a volume of 200463 shares. The stock had previously closed at C$82.18.

X has been the topic of several recent analyst reports. TD Securities raised their target price on shares of TMX Group from C$94.00 to C$98.00 and gave the company a “buy” rating in a report on Friday, August 10th. BMO Capital Markets raised their target price on shares of TMX Group from C$85.00 to C$90.00 in a report on Thursday, August 9th. Finally, CIBC raised their target price on shares of TMX Group from C$88.00 to C$98.00 in a report on Friday, July 20th.

The company has a debt-to-equity ratio of 35.86, a current ratio of 0.99 and a quick ratio of 0.01.

TMX Group (TSE:X) last released its earnings results on Wednesday, August 8th. The company reported C$1.34 EPS for the quarter, missing the consensus estimate of C$1.38 by C($0.04). The business had revenue of C$209.50 million for the quarter, compared to analysts’ expectations of C$207.80 million. On average, equities research analysts forecast that TMX Group Ltd will post 5.61000013584693 earnings per share for the current fiscal year.

In other TMX Group news, insider Cheryl Graden sold 7,800 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of C$89.00, for a total value of C$694,200.00.

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About TMX Group (TSE:X)

TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment offers real time data, other market data products, and data delivery and technology solutions.

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