Barclays Issues Positive Forecast for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X - Free Report) had its price target boosted by Barclays from C$56.00 to C$58.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group upped their target price on TMX Group from C$52.00 to C$58.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets upped their target price on TMX Group from C$55.00 to C$57.00 in a research note on Tuesday, April 15th. TD Securities upped their target price on TMX Group from C$49.00 to C$54.00 and gave the company a "hold" rating in a research note on Wednesday, April 30th. Raymond James Financial raised TMX Group to a "moderate buy" rating in a research note on Wednesday, May 28th. Finally, National Bankshares increased their price target on TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, TMX Group has a consensus rating of "Hold" and a consensus target price of C$55.38.

TMX Group Price Performance

Shares of X traded down C$0.30 on Thursday, reaching C$55.22. The stock had a trading volume of 758,921 shares, compared to its average volume of 502,372. The firm has a market capitalization of C$15.36 billion, a PE ratio of 31.88, a PEG ratio of 12.65 and a beta of 0.43. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The firm has a 50-day moving average of C$55.70 and a 200 day moving average of C$51.46. TMX Group has a twelve month low of C$39.61 and a twelve month high of C$57.77.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, June 6th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. TMX Group's dividend payout ratio is presently 42.72%.

TMX Group Company Profile

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.