Analyst Ratings Coverage
TD Securities (Rank#13) issued a research report on Thursday, October 19th, and raised the 12 month target forecast on TMX Group’s stock to $32 from $31per share. TD also maintained the “Overweight” rating on the stock.
TMX Group Stock Analysis
The TMX Group Limited stock forecast provides valuable insights into the expected performance of TMX Group Limited’s stock over the coming year. Let’s delve into the provided information in more detail:
- Average Analyst Target Price: The average analyst target price for TMX Group Limited, based on the analysis of 8 financial experts, is CAD 46.79 over the next 12 months. This consensus estimate represents the anticipated value of the stock in the coming year according to these analysts. It serves as a reference point for investors and market participants to gauge potential future gains.
- Average Analyst Rating: The average analyst rating for TMX Group Limited is “Hold.” This rating reflects the collective opinion of financial analysts who follow the stock. A “Hold” rating suggests that, on average, analysts do not currently recommend buying more shares of TMX Group Limited, nor do they advise selling existing holdings. It’s a stance that implies a balanced or neutral outlook.
- Stock Target Advisor’s Analysis: Stock Target Advisor, an independent analysis source, offers its own assessment of TMX Group Limited, categorizing it as “Very Bullish.” This bullish rating is based on 19 positive signals and 0 negative signals. The “Very Bullish” rating indicates a strong positive sentiment, driven by a significant number of favorable indicators.
- Stock Price Information: As of the most recent closing, TMX Group Limited’s stock was valued at CAD 29.98. This figure represents the price at which the stock last traded. This information is essential for investors as it reflects the stock’s current market worth and can influence investment decisions.
- Stock Price Changes: TMX Group Limited’s stock has exhibited notable price changes over various time frames. In the past week, the stock price decreased by -1.70%, suggesting a modest short-term decline. Over the past month, there was a small increase of +0.60%, indicating a slight short-term upward trend. Over the last year, the stock price increased by a significant +14.44%, indicating strong long-term performance.
In summary, the stock forecast for TMX Group Limited suggests that, on average, analysts rate the stock as a “Hold” with an average target price of CAD 46.79. On the other hand, Stock Target Advisor’s analysis is “Very Bullish,” supported by numerous positive signals. Recent stock price changes show mixed performance, with short-term fluctuations and strong long-term growth. Investors should consider these insights, conduct further research, and assess their own investment goals and risk tolerance before making decisions regarding TMX Group Limited’s stock.
