TMX Group (TSE:X) Price Target Raised to C$50.00

TMX Group (TSE:X) had its target price increased by BMO Capital Markets from C$46.00 to C$50.00 in a report issued on Friday morning, BayStreet.CA reports.

X has been the subject of several other research reports. National Bankshares lifted their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Barclays boosted their price objective on TMX Group from C$40.00 to C$42.00 in a report on Friday, August 2nd. CIBC increased their target price on TMX Group from C$43.00 to C$46.00 in a research note on Thursday. Royal Bank of Canada boosted their price target on TMX Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, TD Securities increased their price objective on TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, TMX Group has an average rating of “Hold” and an average price target of C$44.81.

TMX Group Trading Up 0.1 %

TMX Group stock opened at C$43.52 on Friday. The stock has a 50-day simple moving average of C$43.06 and a 200 day simple moving average of C$40.10. The stock has a market capitalization of C$12.08 billion, a P/E ratio of 29.61, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a 52 week low of C$28.52 and a 52 week high of C$45.92.

TMX Group (TSE:X) last posted its earnings results on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a return on equity of 10.08% and a net margin of 13.39%. The business had revenue of C$353.80 million for the quarter, compared to analyst estimates of C$356.24 million. Analysts expect that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.75%. TMX Group’s dividend payout ratio is presently 50.34%.

Insider Activity

In related news, Director Elias Anastasopoulos sold 20,850 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of C$42.50, for a total value of C$886,125.00. In related news, Director Elias Anastasopoulos sold 20,850 shares of TMX Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of C$42.50, for a total value of C$886,125.00. Also, Senior Officer Jayakumar Rajarathinam sold 38,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of C$41.44, for a total transaction of C$1,579,766.56. Corporate insiders own 1.15% of the company’s stock.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.