TMX Group (TSE:X) Given New C$58.00 Price Target at National Bankshares

Key Points

• TMX Group's price target has been raised by National Bankshares from C$55.00 to C$58.00, suggesting a potential upside of 2.65% from its previous close.
• Other analysts like Scotiabank and BMO Capital Markets have also increased their target prices for TMX Group, reflecting overall positive sentiment with a consensus rating of "Hold."
• TMX Group currently has a market capitalization of C$15.71 billion and reported a trading volume significantly lower than its average, indicating fluctuating market activity.

TMX Group (TSE:X - Free Report) had its price objective lifted by National Bankshares from C$55.00 to C$58.00 in a research report report published on Tuesday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other brokerages also recently issued reports on X. Barclays increased their price objective on shares of TMX Group from C$56.00 to C$58.00 in a research report on Thursday, July 10th. TD Securities raised their price target on shares of TMX Group from C$54.00 to C$57.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. BMO Capital Markets lifted their price target on shares of TMX Group from C$57.00 to C$61.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Canaccord Genuity Group upped 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 research report on Wednesday, May 7th. Finally, CIBC raised their target price on TMX Group from C$55.00 to C$57.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, TMX Group currently has a consensus rating of "Hold" and a consensus price target of C$59.56.

TMX Group Trading Down 0.9%

Shares of TSE X traded down C$0.51 during midday trading on Tuesday, hitting C$55.83. The stock had a trading volume of 249,262 shares, compared to its average volume of 484,767. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. TMX Group has a 1-year low of C$39.70 and a 1-year high of C$57.77. The company has a market capitalization of C$15.53 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 12.65 and a beta of 0.43. The company has a fifty day moving average price of C$56.10 and a 200 day moving average price of C$52.69.

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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 23rd. TMX Group's dividend payout ratio (DPR) is 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.