TMX Group (TSE:X) Given New C$59.00 Price Target at National Bankshares

TMX Group (TSE:X) had its price objective lifted by National Bankshares from C$58.00 to C$59.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also issued reports about the stock. Raymond James Financial upped their target price on shares of TMX Group from C$59.00 to C$62.50 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Scotiabank upped their price objective on TMX Group from C$63.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. TD Securities increased their price objective on TMX Group from C$54.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday, July 16th. BMO Capital Markets upped their target price on TMX Group from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. Finally, Canaccord Genuity Group increased their price target on shares of TMX Group from C$52.00 to C$58.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, TMX Group currently has a consensus rating of “Hold” and an average target price of C$59.81.

TMX Group Price Performance

Shares of TSE:X opened at C$56.32 on Monday. The company’s fifty day moving average price is C$56.15 and its 200-day moving average price is C$52.94. The firm has a market capitalization of C$15.66 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a one year low of C$40.48 and a one year high of C$57.98. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, August 15th. This represents a $0.88 dividend on an annualized basis and a yield of 1.6%. This is an increase from TMX Group’s previous quarterly dividend of $0.20. TMX Group’s dividend payout ratio (DPR) is currently 42.72%.

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.