Royal Bank of Canada Raises TMX Group (TSE:X) Price Target to C$38.00

TMX Group (TSE:X - Free Report) had its target price hoisted by Royal Bank of Canada from C$36.00 to C$38.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities analysts have also issued reports about the stock. CIBC lifted their price objective on shares of TMX Group from C$35.00 to C$38.00 in a report on Friday. National Bankshares raised 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. Barclays boosted their target price on shares of TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. BMO Capital Markets upgraded shares of TMX Group from a market perform rating to an outperform rating and raised their price target for the company from C$36.00 to C$41.00 in a report on Monday, March 25th. Finally, Scotiabank lifted their price objective on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a sector perform rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$38.63.

TMX Group Trading Up 0.2 %

Shares of X stock traded up C$0.08 on Monday, reaching C$36.46. 287,587 shares of the company's stock were exchanged, compared to its average volume of 352,645. The company's fifty day simple moving average is C$35.34 and its 200 day simple moving average is C$32.60. The stock has a market capitalization of C$10.09 billion, a PE ratio of 28.48, a P/E/G ratio of 12.65 and a beta of 0.39. 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 52 week low of C$27.57 and a 52 week high of C$37.01.

TMX Group (TSE:X - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.37. The company had revenue of C$301.50 million during the quarter, compared to analysts' expectations of C$300.05 million. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. As a group, analysts forecast that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 8th were given a $0.18 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.72 annualized dividend and a yield of 1.97%. TMX Group's dividend payout ratio is presently 55.47%.

Insider Activity at TMX Group

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In other news, Senior Officer Luc Fortin sold 15,140 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. Also, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total value of C$3,234,636.08. Company insiders own 5.57% of the company's stock.

About TMX Group

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.