TD Securities Boosts TMX Group (TSE:X) Price Target to C$57.00

TMX Group (TSE:X - Free Report) had its price objective increased by TD Securities from C$54.00 to C$57.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

X has been the subject of a number of other reports. Scotiabank increased their price target on TMX Group from C$56.00 to C$58.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their target price on TMX Group from C$55.00 to C$57.00 in a research note on Tuesday, April 15th. Barclays increased their target price on TMX Group from C$56.00 to C$58.00 in a research note on Thursday, July 10th. Raymond James Financial raised TMX Group to a "moderate buy" rating in a research note on Wednesday, May 28th. Finally, Canaccord Genuity Group increased their target price on TMX Group from C$52.00 to C$58.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, TMX Group presently has a consensus rating of "Hold" and an average price target of C$56.25.

TMX Group Price Performance

TSE X traded down C$0.33 during mid-day trading on Wednesday, hitting C$56.68. The stock had a trading volume of 16,683 shares, compared to its average volume of 494,901. 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 firm's 50 day moving average is C$55.79 and its 200 day moving average is C$51.66. The stock has a market capitalization of C$15.76 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a twelve month low of C$39.70 and a twelve month high of C$57.77.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, June 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. TMX Group's dividend payout ratio (DPR) is presently 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.