TMX Group Limited (TSE:X) Receives C$60.67 Average Price Target from Analysts

Shares of TMX Group Limited (TSE:X) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$60.67.

X has been the topic of several analyst reports. TD Securities raised shares of TMX Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Raymond James Financial raised shares of TMX Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from C$59.00 to C$61.00 in a research report on Monday. Royal Bank Of Canada cut their target price 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. Barclays decreased their price target on TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Canaccord Genuity Group lowered their price objective 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.

TMX Group Price Performance

X opened at C$45.78 on Monday. TMX Group has a 12-month low of C$44.82 and a 12-month high of C$57.98. The firm has a market capitalization of C$12.74 billion, a P/E ratio of 30.72, a PEG ratio of 12.65 and a beta of -0.20. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The stock has a fifty day moving average of C$50.68 and a 200-day moving average of C$52.28.

TMX Group (TSE:X) last announced its quarterly earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. The company had revenue of C$457.80 million for the quarter. Equities analysts forecast that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were given a $0.22 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.88 annualized dividend and a yield of 1.9%. TMX Group’s payout ratio is presently 56.38%.

About TMX Group

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.