TMX Group (TSE:X) Price Target Raised to C$63.00

TMX Group (TSE:X) had its target price boosted by National Bank Financial from C$60.00 to C$63.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also weighed in on X. Royal Bank Of Canada raised their price objective on TMX Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Raymond James Financial raised their price objective on TMX Group from C$61.00 to C$61.50 and gave the stock a “strong-buy” rating in a research note on Friday, April 17th. Barclays raised their target price on TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Canaccord Genuity Group decreased their target price on TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.56.

TMX Group Stock Up 0.1%

Shares of X stock opened at C$55.48 on Wednesday. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$57.98. The stock has a market cap of C$15.42 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 12.65 and a beta of -0.35. The business’s fifty day moving average is C$49.87 and its 200-day moving average is C$50.24. The company has a debt-to-equity ratio of 45.58, a quick ratio of 0.01 and a current ratio of 1.00.

TMX Group (TSE:X) last issued its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%.The company had revenue of C$457.80 million for the quarter. Equities analysts expect that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, March 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.7%. This is an increase from TMX Group’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, February 20th. TMX Group’s dividend payout ratio is 56.38%.

TMX Group Company Profile

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.