BMO Capital Markets Issues Positive Forecast for TMX Group (TSE:X) Stock Price

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

X has been the subject of a number of other research reports. Barclays boosted their price target on TMX Group from C$53.00 to C$55.00 in a research report on Tuesday, April 8th. TD Securities upped their price target on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, TMX Group currently has an average rating of “Hold” and a consensus price target of C$47.56.

TMX Group Stock Up 1.6 %

X stock opened at C$51.29 on Tuesday. The company has a 50 day moving average of C$50.68 and a two-hundred day moving average of C$46.41. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. TMX Group has a 12-month low of C$35.65 and a 12-month high of C$53.66. The company has a market cap of C$14.26 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders 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 of this dividend was Friday, February 21st. TMX Group’s dividend payout ratio (DPR) is currently 42.72%.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the stock in a transaction 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 currently owned by corporate insiders.

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.