TMX Group (TSE:X – Free Report) had its price objective boosted by BMO Capital Markets from C$35.00 to C$36.00 in a report published on Wednesday morning, BayStreet.CA reports. The firm currently has a market perform rating on the stock.
Other equities research analysts also recently issued research reports about the stock. TD Securities upped their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the company a hold rating in a research note on Wednesday. National Bankshares upped their price target on shares of TMX Group to C$37.00 and gave the company a sector perform rating in a research note on Monday. Scotiabank upped their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the company a sector perform rating in a research note on Wednesday. Royal Bank of Canada upped their price target on shares of TMX Group from C$34.00 to C$36.00 and gave the company a sector perform rating in a research note on Tuesday. Finally, CIBC upped their price target on shares of TMX Group to C$34.00 and gave the company a neutral rating in a research note on Friday, December 15th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, TMX Group currently has a consensus rating of Hold and a consensus price target of C$49.25.
TMX Group Price Performance
TMX Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 23rd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, February 22nd. TMX Group’s dividend payout ratio is currently 53.73%.
TMX Group Company Profile
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.
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