TMX Group (TSE:X) Given New C$62.50 Price Target at Raymond James Financial

Key Points

• Raymond James Financial raised its price target for TMX Group stock from C$59.00 to C$62.50, indicating a potential upside of 11.61% from the previous close.
• Several analysts, including TD Securities and Canaccord Genuity, have also increased their price targets for TMX Group, reflecting a generally positive outlook on the stock.
• TMX Group's stock is currently trading at C$56.00, down 0.6%, with a market capitalization of C$15.57 billion and a twelve-month high of C$57.77.

TMX Group (TSE:X - Free Report) had its target price raised by Raymond James Financial from C$59.00 to C$62.50 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on the company. BMO Capital Markets lifted their target price on TMX Group from C$57.00 to C$61.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Canaccord Genuity Group lifted their price objective on shares of TMX Group from C$52.00 to C$58.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Scotiabank lifted their price target on TMX Group from C$63.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Friday. National Bankshares lifted their target price on TMX Group from C$55.00 to C$58.00 and gave the company a "sector perform" rating in a report on Tuesday, July 29th. Finally, Barclays boosted their price target on shares of TMX Group from C$56.00 to C$58.00 in a research report on Thursday, July 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$59.56.

TMX Group Stock Performance

Shares of TSE:X traded down C$0.51 during midday trading on Friday, reaching C$55.83. The company had a trading volume of 249,262 shares, compared to its average volume of 484,767. TMX Group has a 52-week low of C$39.70 and a 52-week high of C$57.77. The company's 50 day moving average price is C$56.10 and its 200 day moving average price is C$52.81. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The stock has a market cap of C$15.53 billion, a P/E ratio of 32.23, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, June 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. TMX Group's payout ratio is 42.72%.

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.