In a report released today, Benjamin Budish from Barclays maintained a Hold rating on TMX Group (TMXXF – Research Report), with a price target of C$38.00. The company’s shares closed last Thursday at $27.00.
Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Blackstone Group, and Interactive Brokers. According to TipRanks, Budish has an average return of 5.2% and a 68.07% success rate on recommended stocks.
In addition to Barclays, TMX Group also received a Hold from Deutsche Bank’s Melinda Roy in a report issued on April 5. However, on March 24, BMO Capital upgraded TMX Group (Other OTC: TMXXF) to a Buy.
The company has a one-year high of $27.17 and a one-year low of $19.49. Currently, TMX Group has an average volume of 24.77K.
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TMX Group (TMXXF) Company Description:
TMX Group is an integrated, multiasset class exchange group based in Canada with global exposure and services offered to the international financial community. TMX Group’s businesses operate cash and derivatives markets for equities, fixed income, and energy, among other asset classes. The company also provides clearing facilities, data products, and other related services. The company’s strategy has sought for greater operational cohesiveness to its collection of businesses. It is organized into the following business units: capital markets, derivatives and energy markets, market insights, and market solutions. The company relies heavily on trading and clearing revenue to drive its business.
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