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

TMX Group Limited (TSE:X) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$60.67.

Several brokerages recently issued reports on X. Barclays reduced their price objective 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, February 9th. Canaccord Genuity Group dropped 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. Royal Bank Of Canada reduced their price target on shares of TMX Group from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. Finally, Raymond James Financial raised shares of TMX Group from a “moderate buy” rating to a “strong-buy” rating and lifted their price target for the company from C$59.00 to C$61.00 in a report on Monday, February 9th.

TMX Group Stock Up 1.4%

Shares of TMX Group stock opened at C$49.61 on Tuesday. The business has a 50-day moving average price of C$47.80 and a 200 day moving average price of C$50.26. 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 cap of C$13.80 billion, a P/E ratio of 33.30, a P/E/G ratio of 12.65 and a beta of -0.29. 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 (TSE:X) last released its earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. TMX Group had a return on equity of 8.85% and a net margin of 14.23%.The company had revenue of C$457.80 million for the quarter. On average, sell-side analysts forecast that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, March 6th were issued a $0.24 dividend. This is an increase from TMX Group’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, February 20th. TMX Group’s dividend payout ratio is 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.