TMX Group (TSE:X) Price Target Raised to C$63.00 at Scotiabank

TMX Group (TSE:X - Free Report) had its target price raised by Scotiabank from C$57.00 to C$63.00 in a report published on Wednesday,BayStreet.CA reports.

Several other research firms have also commented on X. BMO Capital Markets upped their target price on TMX Group from C$57.00 to C$61.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. 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 report on Wednesday, May 7th. Raymond James Financial upgraded TMX Group to a "moderate buy" rating in a research report on Wednesday, May 28th. TD Securities boosted their price objective on TMX Group from C$54.00 to C$57.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Finally, Barclays boosted their price objective on TMX Group from C$56.00 to C$58.00 in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$56.88.

TMX Group Stock Down 0.7%

Shares of TSE X traded down C$0.41 during midday trading on Wednesday, reaching C$56.35. 290,114 shares of the company's stock were exchanged, compared to its average volume of 489,209. TMX Group has a 52-week low of C$39.70 and a 52-week high of C$57.77. The stock has a market capitalization of C$15.67 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The business's fifty day moving average price is C$55.98 and its two-hundred day moving average price is C$52.24.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, June 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, May 23rd. TMX Group's payout ratio 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.