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TMX Group - X Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$65.28
  • Forecasted Upside: 22.89%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 6 Buy Ratings
  • 1 Strong Buy Ratings
C$53.12 As of 09/17/2026 01:46 PM ET
▲ +0.13 (0.25%)

This chart shows the closing price for X by one month, three months, or twelve months.

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Analyst Price Target for X

Analyst Price Target is C$65.28
▲ +22.89% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for TMX Group in the last 3 months. The average price target is C$65.28, with a high forecast of C$71.00 and a low forecast of C$59.00. The average price target represents a 22.89% upside from the last price of C$53.12.

This chart shows the closing price for X for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 9 polled investment analysts is to moderate buy stock in TMX Group. This rating has held steady since August 2025, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2025
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2025
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2025
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2025
  • 1 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/20/2026
  • 1 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/18/2026
  • 1 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
8/17/2026
  • 1 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/16/2026

Latest Recommendations

  • 1 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
7/31/2026Raymond James FinancialLower TargetStrong-BuyC$65.25 ➝ C$64.50
7/27/2026National Bank FinancialUpgradeHold ➝ OutperformC$65.00 ➝ C$63.00
7/9/2026BarclaysBoost TargetC$58.00 ➝ C$59.00
6/15/2026Canaccord Genuity GroupBoost TargetBuyC$63.00 ➝ C$64.00
6/15/2026Royal Bank Of CanadaBoost TargetOutperformC$69.00 ➝ C$71.00
6/12/2026Raymond James FinancialBoost TargetStrong-BuyC$61.50 ➝ C$65.25
5/6/2026BMO Capital MarketsBoost TargetOutperformC$62.00 ➝ C$65.00
5/6/2026Royal Bank Of CanadaBoost TargetOutperformC$65.00 ➝ C$69.00
5/6/2026ScotiaBoost TargetSector OutperformC$70.00 ➝ C$71.00
5/5/2026National Bank FinancialBoost TargetSector PerformC$63.00 ➝ C$64.00
4/29/2026National Bank FinancialBoost TargetC$60.00 ➝ C$63.00
4/23/2026Royal Bank Of CanadaBoost TargetOutperformC$64.00 ➝ C$65.00
4/17/2026Raymond James FinancialBoost TargetStrong-BuyC$61.00 ➝ C$61.50
4/8/2026BarclaysBoost TargetEqual WeightC$52.00 ➝ C$59.00
2/9/2026Royal Bank Of CanadaLower TargetOutperformC$67.00 ➝ C$64.00
2/9/2026BarclaysLower TargetEqual WeightC$59.00 ➝ C$52.00
2/9/2026Canaccord Genuity GroupLower TargetBuyC$64.00 ➝ C$61.00
2/9/2026Raymond James FinancialUpgradeModerate Buy ➝ Strong-BuyC$59.00 ➝ C$61.00
10/29/2025Royal Bank Of CanadaBoost TargetC$66.00 ➝ C$67.00
10/29/2025TD SecuritiesUpgradeHold ➝ BuyC$58.00 ➝ C$60.00
10/28/2025National Bank FinancialBoost TargetSector PerformC$59.00 ➝ C$60.00
10/28/2025Raymond James FinancialLower TargetOutperformC$62.50 ➝ C$59.00
10/24/2025ScotiabankSet TargetSector PerformC$70.00
10/8/2025BarclaysLower TargetEqual WeightC$60.00 ➝ C$58.00
10/1/2025Royal Bank Of CanadaSet TargetModerate BuyC$66.00
9/17/2025ScotiabankUpgradeHold ➝ OutperformC$65.00 ➝ C$70.00
8/5/2025TD SecuritiesBoost TargetHoldC$57.00 ➝ C$58.00
8/4/2025National Bank FinancialBoost TargetSector PerformC$58.00 ➝ C$59.00
8/1/2025Raymond James FinancialBoost TargetOutperformC$59.00 ➝ C$62.50
8/1/2025ScotiabankBoost TargetSector PerformC$63.00 ➝ C$65.00
7/29/2025National Bank FinancialBoost TargetSector PerformC$55.00 ➝ C$58.00
7/23/2025ScotiabankBoost TargetC$57.00 ➝ C$63.00
7/16/2025BMO Capital MarketsBoost TargetOutperformC$57.00 ➝ C$61.00
7/16/2025TD SecuritiesBoost TargetHoldC$54.00 ➝ C$57.00
7/10/2025BarclaysBoost TargetC$56.00 ➝ C$58.00
5/28/2025Raymond James FinancialUpgradeModerate Buy
5/7/2025Canaccord Genuity GroupBoost TargetBuyC$52.00 ➝ C$58.00
5/7/2025ScotiabankBoost TargetSector PerformC$56.00 ➝ C$58.00
5/7/2025BarclaysBoost TargetC$55.00 ➝ C$56.00
4/30/2025National Bank FinancialBoost TargetSector PerformC$50.00 ➝ C$55.00
4/30/2025TD SecuritiesBoost TargetHoldC$49.00 ➝ C$54.00
4/28/2025Canadian Imperial Bank of CommerceBoost TargetNeutralC$55.00 ➝ C$57.00
4/15/2025BMO Capital MarketsBoost TargetC$55.00 ➝ C$57.00
4/8/2025BarclaysBoost TargetC$53.00 ➝ C$55.00
1/30/2025TD SecuritiesBoost TargetHoldC$44.00 ➝ C$45.00
12/9/2024BarclaysBoost TargetC$45.00 ➝ C$47.00
12/5/2024BMO Capital MarketsBoost TargetC$50.00 ➝ C$62.00
11/1/2024BMO Capital MarketsBoost TargetC$46.00 ➝ C$50.00
10/31/2024Canadian Imperial Bank of CommerceBoost TargetC$43.00 ➝ C$46.00
10/30/2024National Bank FinancialBoost TargetSector PerformC$43.00 ➝ C$44.00
10/28/2024TD SecuritiesBoost TargetHoldC$42.00 ➝ C$43.00
10/10/2024BMO Capital MarketsBoost TargetC$44.00 ➝ C$46.00
8/2/2024BarclaysBoost TargetC$40.00 ➝ C$42.00
8/1/2024Royal Bank Of CanadaBoost TargetOutperformC$44.00 ➝ C$46.00
8/1/2024TD SecuritiesBoost TargetHoldC$41.00 ➝ C$42.00
7/29/2024National Bank FinancialBoost TargetSector PerformC$40.00 ➝ C$43.00
7/24/2024ScotiabankBoost TargetC$39.00 ➝ C$43.50
7/22/2024TD SecuritiesBoost TargetHoldC$37.00 ➝ C$41.00
7/19/2024Canadian Imperial Bank of CommerceBoost TargetC$40.00 ➝ C$43.00
7/10/2024BarclaysBoost TargetC$38.00 ➝ C$40.00
7/10/2024BMO Capital MarketsBoost TargetC$42.00 ➝ C$44.00
5/6/2024BMO Capital MarketsBoost TargetC$41.00 ➝ C$42.00
5/6/2024TD SecuritiesBoost TargetHoldC$35.00 ➝ C$37.00
5/5/2024Royal Bank Of CanadaLower TargetSector PerformC$40.00 ➝ C$39.00
5/3/2024Canadian Imperial Bank of CommerceBoost TargetNeutralC$38.00 ➝ C$40.00
4/30/2024ScotiabankBoost TargetSector PerformC$38.00 ➝ C$39.00
4/30/2024National Bank FinancialBoost TargetSector PerformC$37.00 ➝ C$40.00
4/29/2024Royal Bank Of CanadaBoost TargetSector PerformC$36.00 ➝ C$38.00
4/26/2024Canaccord Genuity GroupSet TargetBuyC$44.00
4/26/2024Canadian Imperial Bank of CommerceBoost TargetC$35.00 ➝ C$38.00
4/8/2024BarclaysBoost TargetC$35.00 ➝ C$38.00
3/25/2024BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$36.00 ➝ C$41.00
2/7/2024Canadian Imperial Bank of CommerceBoost TargetNeutralC$34.00 ➝ C$35.00
2/7/2024BMO Capital MarketsBoost TargetMarket PerformC$35.00 ➝ C$36.00
2/7/2024ScotiabankBoost TargetSector PerformC$36.00 ➝ C$38.00
2/7/2024TD SecuritiesBoost TargetHoldC$34.00 ➝ C$35.00
2/6/2024Royal Bank Of CanadaBoost TargetSector PerformC$34.00 ➝ C$36.00
2/5/2024National Bank FinancialBoost TargetSector PerformC$37.00
1/31/2024ScotiabankBoost TargetSector PerformC$36.00
1/19/2024TD SecuritiesBoost TargetHoldC$34.00
1/11/2024BMO Capital MarketsBoost TargetMarket PerformC$35.00
1/8/2024BarclaysBoost TargetC$34.00
12/18/2023Royal Bank Of CanadaBoost TargetSector PerformC$34.00
12/15/2023ScotiabankBoost TargetSector PerformC$35.00
12/15/2023Canadian Imperial Bank of CommerceBoost TargetNeutralC$34.00
11/1/2023BarclaysLower TargetEqual WeightC$31.00
11/1/2023Canadian Imperial Bank of CommerceLower TargetNeutralC$32.00
7/25/2023Royal Bank Of CanadaDowngradeOutperform ➝ Sector Perform
5/4/2023ScotiabankBoost TargetC$159.00 ➝ C$161.00
5/3/2023BMO Capital MarketsBoost TargetC$155.00 ➝ C$158.00
5/3/2023TD SecuritiesBoost TargetHoldC$145.00 ➝ C$150.00
5/2/2023Canadian Imperial Bank of CommerceBoost TargetC$140.00 ➝ C$150.00
5/2/2023National Bank FinancialBoost TargetSector PerformC$148.00 ➝ C$152.00
4/28/2023ScotiabankLower TargetC$160.00 ➝ C$159.00
4/11/2023BMO Capital MarketsBoost TargetC$153.00 ➝ C$155.00
2/8/2023Deutsche Bank AktiengesellschaftLower TargetC$145.00 ➝ C$143.00
2/8/2023TD SecuritiesDowngradeBuy ➝ HoldC$150.00 ➝ C$145.00
2/7/2023National Bank FinancialLower TargetSector PerformC$150.00 ➝ C$148.00
2/7/2023Royal Bank Of CanadaLower TargetC$173.00 ➝ C$168.00
2/7/2023ScotiabankLower TargetC$164.00 ➝ C$160.00
2/3/2023TD SecuritiesLower TargetBuyC$155.00 ➝ C$150.00
1/25/2023ScotiabankLower TargetC$165.00 ➝ C$164.00
11/15/2022Deutsche Bank AktiengesellschaftBoost TargetC$143.00 ➝ C$145.00
10/28/2022ScotiabankBoost TargetC$155.00 ➝ C$165.00
10/28/2022TD SecuritiesLower TargetBuyC$160.00 ➝ C$155.00
10/26/2022National Bank FinancialBoost TargetC$143.00 ➝ C$148.00
10/14/2022BMO Capital MarketsBoost TargetC$147.00 ➝ C$149.00
10/12/2022Deutsche Bank AktiengesellschaftLower TargetC$151.00 ➝ C$147.00
8/12/2022Deutsche Bank AktiengesellschaftBoost TargetC$149.00 ➝ C$151.00
8/2/2022ScotiabankBoost TargetC$150.00 ➝ C$155.00
7/29/2022National Bank FinancialBoost TargetSector PerformC$138.00 ➝ C$143.00
7/29/2022Royal Bank Of CanadaBoost TargetOutperformC$159.00 ➝ C$160.00
7/22/2022Haywood SecuritiesLower TargetSector PerformC$138.00
7/21/2022National Bank FinancialLower TargetSector PerformC$141.00 ➝ C$138.00
7/19/2022BMO Capital MarketsLower TargetC$151.00 ➝ C$147.00
7/13/2022Deutsche Bank AktiengesellschaftLower TargetC$150.00 ➝ C$148.00
5/19/2022Deutsche Bank AktiengesellschaftBoost TargetC$148.00 ➝ C$150.00
5/4/2022BMO Capital MarketsBoost TargetC$150.00 ➝ C$151.00
5/4/2022Deutsche Bank AktiengesellschaftLower TargetC$152.00 ➝ C$148.00
5/4/2022ScotiabankBoost TargetC$148.00 ➝ C$152.00
5/4/2022TD SecuritiesBoost TargetBuyC$155.00 ➝ C$160.00
5/3/2022Royal Bank Of CanadaBoost TargetOutperformC$163.00 ➝ C$165.00
5/3/2022National Bank FinancialBoost TargetSector PerformC$139.00 ➝ C$141.00
4/25/2022Royal Bank Of CanadaUpgradeSector Perform ➝ BuyC$151.00 ➝ C$163.00
4/7/2022Deutsche Bank AktiengesellschaftBoost TargetC$145.00 ➝ C$152.00
2/10/2022BMO Capital MarketsLower TargetC$157.00 ➝ C$150.00
2/10/2022ScotiabankLower TargetC$150.00 ➝ C$148.00
2/8/2022National Bank FinancialLower TargetSector PerformC$147.00 ➝ C$139.00
2/8/2022Royal Bank Of CanadaLower TargetSector PerformC$157.00 ➝ C$151.00
2/4/2022ScotiabankLower TargetC$154.00 ➝ C$150.00
2/2/2022TD SecuritiesLower TargetBuyC$160.00 ➝ C$155.00
1/26/2022Canadian Imperial Bank of CommerceLower TargetC$145.00 ➝ C$140.00
12/17/2021Deutsche Bank AktiengesellschaftBoost TargetStrong-BuyC$151.00 ➝ C$152.00
11/19/2021Deutsche Bank AktiengesellschaftLower TargetC$152.00 ➝ C$151.00
11/10/2021ScotiabankDowngradeHoldC$153.00
11/9/2021Royal Bank Of CanadaLower TargetSector PerformC$159.00 ➝ C$157.00
10/27/2021ScotiabankBoost TargetC$155.00 ➝ C$157.00
10/22/2021National Bank FinancialBoost TargetSector PerformC$152.00 ➝ C$154.00
10/14/2021Deutsche Bank AktiengesellschaftReiterated RatingStrong-Buy
10/12/2021Deutsche Bank AktiengesellschaftLower TargetNAC$162.00 ➝ C$155.00
(Data available from 9/17/2021 forward)

News Sentiment Rating

0.16 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
2/19/2026
  • 1 very positive mentions
  • 5 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
3/21/2026
  • 0 very positive mentions
  • 3 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
4/20/2026
  • 6 very positive mentions
  • 8 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
5/20/2026
  • 0 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/19/2026
  • 0 very positive mentions
  • 10 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
7/19/2026
  • 4 very positive mentions
  • 9 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
8/18/2026
  • 2 very positive mentions
  • 10 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
9/17/2026

Current Sentiment

  • 2 very positive mentions
  • 10 positive mentions
  • 4 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

TMX Group logo
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna.
Read More

Today's Range

Now: C$53.12
Low: C$52.80
High: C$53.33

50 Day Range

MA: C$52.24
Low: C$47.88
High: C$54.64

52 Week Range

Now: C$53.12
Low: C$44.10
High: C$57.27

Volume

40,326 shs

Average Volume

844,742 shs

Market Capitalization

C$14.63 billion

P/E Ratio

24.48

Dividend Yield

1.81%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of TMX Group?

The following Wall Street research analysts have issued research reports on TMX Group in the last year: Barclays PLC, BMO Capital Markets, Canaccord Genuity Group Inc., National Bank Financial, Raymond James Financial, Inc., Royal Bank Of Canada, Scotia, Scotiabank, and TD Securities.
View the latest analyst ratings for X.

What is the current price target for TMX Group?

0 Wall Street analysts have set twelve-month price targets for TMX Group in the last year. Their average twelve-month price target is C$65.28, suggesting a possible upside of 23.2%. Royal Bank Of Canada has the highest price target set, predicting X will reach C$71.00 in the next twelve months. Barclays PLC has the lowest price target set, forecasting a price of C$59.00 for TMX Group in the next year.
View the latest price targets for X.

What is the current consensus analyst rating for TMX Group?

TMX Group currently has 2 hold ratings, 6 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for X.

What other companies compete with TMX Group?

Other companies that are similar to TMX Group include CME Group, IGM Financial, Onex, Galaxy Digital and CI Financial. Learn More about companies similar to TMX Group.

How do I contact TMX Group's investor relations team?

TMX Group's physical mailing address is 300 - 100 Adelaide Street West, Toronto, ON, M5H 1S3. The company's listed phone number is 416-947-4670. The official website for TMX Group is www.tmx.com. Learn More about contacing TMX Group investor relations.