TMX Group (TSE:X) Price Target Raised to C$69.00

TMX Group (TSE:X) had its price objective boosted by Raymond James Financial from C$64.50 to C$69.00 in a research note published on Friday,BayStreet reports. They currently have a strong-buy rating on the stock.

Other equities research analysts have also issued reports about the stock. RBC Dominion Securities reduced their target price on shares of TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Barclays increased their target price on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. National Bank Financial upped their price target on shares of TMX Group from C$64.00 to C$67.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Finally, Canaccord Genuity Group increased their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$66.75.

TMX Group Stock Performance

TSE X opened at C$60.07 on Friday. The company has a current ratio of 10.13, a quick ratio of 0.01 and a debt-to-equity ratio of 57.61. The firm’s fifty day moving average price is C$54.15 and its two-hundred day moving average price is C$51.19. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$62.57. The firm has a market capitalization of C$16.54 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 12.65 and a beta of -0.17.

TMX Group (TSE:X) last announced its quarterly earnings data on Thursday, October 29th. The company reported C$0.63 EPS for the quarter. TMX Group had a net margin of 30.56% and a return on equity of 3.71%. The business had revenue of C$491.10 million during the quarter. As a group, research analysts anticipate that TMX Group will post 1.77 EPS for the current year.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. This is an increase from TMX Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, August 14th. TMX Group’s dividend payout ratio is 42.40%.

Insider Activity at TMX Group

In other news, insider Cheryl Graden sold 8,885 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$54.41, for a total transaction of C$483,432.85. Following the sale, the insider owned 32,845 shares in the company, valued at C$1,787,096.45. This trade represents a 21.29% decrease in their ownership of the stock. In the last 90 days, insiders have sold 41,735 shares of company stock valued at $2,268,124. 1.15% of the stock is owned by insiders.

TMX Group News Roundup

Here are the key news stories impacting TMX Group this week:

• Positive Sentiment: Raymond James raised its price target to C$69.00 from C$64.50 and upgraded TMX to “strong buy,” implying approximately 14% upside from the referenced price. The target increase signals stronger confidence in TMX’s earnings outlook and diversification strategy. Raymond James stock recommendations
• Positive Sentiment: TMX reported third-quarter revenue of C$491.1 million and earnings of C$0.63 per share. The results provide evidence of continued revenue generation across its exchange, clearing, data, and other businesses. TMX Group Limited reports third-quarter 2026 results
• Positive Sentiment: The company plans to introduce extended trading hours for TSX Alpha in spring 2027, potentially increasing trading volumes and market-access revenue. Management expects leverage to peak at approximately 3.1x–3.2x, suggesting debt levels remain guided and manageable. TMX plans TSX Alpha extended hours
• Positive Sentiment: TMX declared a C$0.26-per-share dividend, payable November 27, supporting the stock’s income appeal and signaling continued shareholder distributions. TMX dividend payable November 27, 2026
• Neutral Sentiment: Management described its diversification efforts as providing a “nice balancing point,” highlighting the company’s attempt to reduce reliance on any single market or business line. TMX CEO discusses diversification efforts
• Negative Sentiment: Third-quarter profit declined, creating a counterpoint to the strong revenue figure and potentially limiting near-term earnings momentum. TMX Group profit retreats in Q3

About TMX Group

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.