TMX Group (TSE:X) Given New C$57.00 Price Target at BMO Capital Markets

TMX Group (TSE:X) had its target price increased by BMO Capital Markets from C$55.00 to C$57.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other analysts have also recently commented on the stock. TD Securities lifted their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Barclays lifted their price objective on TMX Group from C$53.00 to C$55.00 in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$47.56.

TMX Group Price Performance

TMX Group stock opened at C$51.26 on Tuesday. The firm’s 50-day moving average is C$50.74 and its two-hundred day moving average is C$46.52. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The stock has a market capitalization of C$14.26 billion, a P/E ratio of 29.59, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a 12-month low of C$35.65 and a 12-month high of C$53.66.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were given a $0.20 dividend. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, February 21st. TMX Group’s dividend payout ratio (DPR) is 42.72%.

Insider Activity at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is owned by insiders.

About TMX Group

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.