TMX Group (TSE:X) Price Target Raised to C$58.00

TMX Group (TSE:X) had its target price raised by Scotiabank from C$56.00 to C$58.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities research analysts have also issued reports on X. CIBC increased their price target on TMX Group from C$55.00 to C$57.00 and gave the company a “neutral” rating in a research report on Monday, April 28th. BMO Capital Markets upped their price objective on shares of TMX Group from C$55.00 to C$57.00 in a research note on Tuesday, April 15th. National Bankshares raised their target price on shares of TMX Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. TD Securities upped their price objective on TMX Group from C$49.00 to C$54.00 and gave the company a “hold” rating in a research note on Wednesday, April 30th. Finally, Barclays raised their target price on shares of TMX Group from C$55.00 to C$56.00 in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$55.13.

TMX Group Stock Performance

Shares of TMX Group stock opened at C$56.33 on Wednesday. The business has a 50-day moving average of C$51.94 and a 200 day moving average of C$47.79. 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 has a 12 month low of C$35.65 and a 12 month high of C$56.60. The stock has a market capitalization of C$15.67 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, February 21st. This is an increase from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio is 42.72%.

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.