TMX Group (TSE:X) Given New C$59.00 Price Target at Barclays

TMX Group (TSE:X) had its price target hoisted by Barclays from C$52.00 to C$59.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on X. Canaccord Genuity Group lowered their target price on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Raymond James Financial upgraded shares of TMX Group from a “moderate buy” rating to a “strong-buy” rating and increased their price objective for the company from C$59.00 to C$61.00 in a research note on Monday, February 9th. Finally, Royal Bank Of Canada decreased their price objective on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$61.44.

TMX Group Trading Up 0.3%

X opened at C$49.95 on Wednesday. The company has a debt-to-equity ratio of 45.58, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a fifty-two week low of C$44.10 and a fifty-two week high of C$57.98. The firm has a market capitalization of C$13.90 billion, a PE ratio of 33.52, a P/E/G ratio of 12.65 and a beta of -0.35. The company’s 50-day moving average is C$47.72 and its 200 day moving average is C$50.12.

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

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, March 6th were paid a $0.24 dividend. This is a positive change from TMX Group’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, February 20th. This represents a $0.96 annualized dividend and a yield of 1.9%. TMX Group’s dividend payout ratio (DPR) 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.