Barclays Boosts TMX Group (TSE:X) Price Target to C$38.00

TMX Group (TSE:X - Free Report) had its target price hoisted by Barclays from C$35.00 to C$38.00 in a research note released on Monday, BayStreet.CA reports.

Several other research firms have also commented on X. Scotiabank increased their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the company a sector perform rating in a research report on Wednesday, February 7th. BMO Capital Markets raised TMX Group from a market perform rating to an outperform rating and raised their price target for the stock from C$36.00 to C$41.00 in a research report on Monday, March 25th. National Bankshares upped their price objective on TMX Group to C$37.00 and gave the company a sector perform rating in a research report on Monday, February 5th. CIBC lifted their price objective on TMX Group from C$34.00 to C$35.00 and gave the stock a neutral rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada upped their target price on shares of TMX Group from C$34.00 to C$36.00 and gave the company a sector perform rating in a report on Tuesday, February 6th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, TMX Group presently has a consensus rating of Hold and a consensus target price of C$37.14.

TMX Group Price Performance

Shares of X traded up C$0.05 during mid-day trading on Monday, hitting C$36.39. The company's stock had a trading volume of 186,880 shares, compared to its average volume of 374,872. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 26.67. TMX Group has a 1-year low of C$26.82 and a 1-year high of C$36.93. The firm has a market capitalization of C$10.07 billion, a P/E ratio of 28.43, a P/E/G ratio of 12.65 and a beta of 0.39. The firm has a 50-day simple moving average of C$34.65 and a 200 day simple moving average of C$31.87.

TMX Group (TSE:X - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$0.37. The business had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. Analysts predict that TMX Group will post 1.6182065 EPS for the current fiscal year.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 8th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. TMX Group's payout ratio is 55.47%.

Insider Buying and Selling at TMX Group

In related news, Senior Officer Luc Fortin sold 15,140 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. In related news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$33.78, for a total value of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total transaction of C$534,744.80. 5.57% of the stock is currently owned by corporate insiders.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.