Brokerages Set TMX Group Limited (TSE:X) Target Price at C$61.11

Shares of TMX Group Limited (TSE:X) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$61.11.

Several brokerages have commented on X. Barclays decreased their price target on shares of TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Raymond James Financial reduced their price objective on TMX Group from C$62.50 to C$59.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 28th. Royal Bank Of Canada boosted their target price on TMX Group from C$66.00 to C$67.00 in a research note on Wednesday, October 29th. TD Securities upgraded TMX Group from a “hold” rating to a “buy” rating and upped their price target for the stock from C$58.00 to C$60.00 in a report on Wednesday, October 29th. Finally, National Bankshares increased their price target on TMX Group from C$59.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th.

TMX Group Stock Performance

TSE X opened at C$51.42 on Monday. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The company has a market cap of C$14.30 billion, a P/E ratio of 31.16, a P/E/G ratio of 12.65 and a beta of -0.22. The stock has a 50-day moving average of C$51.47 and a two-hundred day moving average of C$53.23. TMX Group has a 1-year low of C$42.68 and a 1-year high of C$57.98.

TMX Group (TSE:X) last issued its quarterly earnings results on Monday, October 27th. The company reported C$0.43 earnings per share (EPS) for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. The business had revenue of C$418.60 million for the quarter. As a group, analysts anticipate that TMX Group will post 1.7708421 EPS for the current year.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 28th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.88 annualized dividend and a yield of 1.7%. TMX Group’s dividend payout ratio (DPR) is 49.09%.

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.