TMX Group Limited (TSE:X) Receives C$61.11 Consensus PT from Analysts

Shares of TMX Group Limited (TSE:X) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$61.11.

A number of equities analysts have commented on X shares. Royal Bank Of Canada upped their price objective on shares of TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. Scotiabank set a C$70.00 target price on TMX Group and gave the company a “sector perform” rating in a report on Friday, October 24th. National Bankshares raised their price objective on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. TD Securities raised shares of TMX Group from a “hold” rating to a “buy” rating and boosted their target price for the company from C$58.00 to C$60.00 in a research note on Wednesday, October 29th. Finally, Barclays decreased their price objective on TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th.

TMX Group Price Performance

Shares of TSE X opened at C$51.63 on Friday. The stock has a market cap of C$14.36 billion, a P/E ratio of 31.29, a P/E/G ratio of 12.65 and a beta of -0.03. The stock has a 50 day moving average of C$51.57 and a two-hundred day moving average of C$54.27. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. TMX Group has a twelve month low of C$42.47 and a twelve month high of C$57.98.

TMX Group (TSE:X) last issued its quarterly earnings data on Monday, October 27th. The company reported C$0.43 earnings per share (EPS) for the quarter. The company had revenue of C$418.60 million for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. On average, research analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.88 annualized dividend and a dividend yield of 1.7%. TMX Group’s payout ratio is currently 49.09%.

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.