Brokerages Set TMX Group Limited (TSE:X) Price Target at C$61.61

TMX Group Limited (TSE:X) has earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$61.61.

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Raymond James Financial upped their price target on shares of TMX Group from C$61.00 to C$61.50 and gave the stock a “strong-buy” rating in a research report on Friday, April 17th. Barclays upped their price target on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Canaccord Genuity Group reduced their price target on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research report on Monday, February 9th.

TMX Group Trading Down 0.7%

X stock opened at C$53.72 on Friday. The company’s 50-day simple moving average is C$49.30 and its 200-day simple moving average is C$50.15. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 45.58. TMX Group has a 52-week low of C$44.10 and a 52-week high of C$57.98. The firm has a market cap of C$14.93 billion, a P/E ratio of 36.05, a PEG ratio of 12.65 and a beta of -0.35.

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

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, March 6th were given a dividend of $0.24 per share. This is a boost 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 dividend yield of 1.8%. TMX Group’s payout ratio is currently 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.