TMX Group (TSE:X) had its price target upped by TD Securities from C$98.00 to C$105.00 in a research note published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other equities research analysts also recently weighed in on the company. CIBC downgraded TMX Group from an outperform rating to a neutral rating and lowered their target price for the stock from C$101.00 to C$97.00 in a report on Tuesday, April 23rd. Royal Bank of Canada upgraded TMX Group from a sector perform rating to an outperform rating and lowered their target price for the stock from C$95.00 to C$89.00 in a report on Tuesday, January 15th. BMO Capital Markets lifted their target price on TMX Group from C$95.00 to C$105.00 in a report on Monday, May 13th. Finally, National Bank Financial lifted their target price on TMX Group from C$97.00 to C$103.00 and gave the stock an outperform rating in a report on Friday, May 10th.
TMX Group stock opened at C$91.70 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 33.49. The company has a market capitalization of $5.22 billion and a P/E ratio of 18.13. TMX Group has a one year low of C$68.87 and a one year high of C$93.95.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be issued a $0.62 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 2.70%. TMX Group’s payout ratio is currently 46.65%.
In other TMX Group news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of TMX Group stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of C$90.00, for a total value of C$270,000.00. Following the completion of the sale, the insider now directly owns 1,350 shares in the company, valued at C$121,500.
About TMX Group
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading and Clearing.
Featured Article: Should you buy a closed-end mutual fund?
Receive News & Ratings for TMX Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TMX Group and related companies with MarketBeat.com's FREE daily email newsletter.