TMX Group (TSE:X) Price Target Cut to C$64.50 by Analysts at Raymond James Financial

Posted by Brenda Bartman on Aug 1st, 2026

TMX Group (TSE:X – Free Report) had its price objective trimmed by Raymond James Financial from C$65.25 to C$64.50 in a report released on Friday,BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.

Several other equities analysts have also recently weighed in on X. BMO Capital Markets lifted their price objective on TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Barclays raised their target price on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. Canaccord Genuity Group lifted their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Scotia upped their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$65.28.

Read Our Latest Research Report on X

TMX Group Stock Performance

X stock opened at C$51.24 on Friday. The business’s 50-day moving average price is C$49.45 and its two-hundred day moving average price is C$49.90. The company has a current ratio of 2.35, a quick ratio of 0.01 and a debt-to-equity ratio of 44.08. The firm has a market cap of C$14.15 billion, a PE ratio of 26.83, a P/E/G ratio of 12.65 and a beta of -0.16. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$57.98.

TMX Group (TSE:X – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported C$0.62 earnings per share (EPS) for the quarter. TMX Group had a return on equity of 3.40% and a net margin of 16.47%.The firm had revenue of C$487.50 million during the quarter. As a group, research analysts forecast that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, June 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 22nd. TMX Group’s payout ratio is 46.07%.

Insider Buying and Selling at TMX Group

In other news, insider John Mckenzie sold 69,970 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the completion of the transaction, the insider directly owned 100,774 shares of the company’s stock, valued at C$5,513,345.54. This represents a 40.98% decrease in their ownership of the stock. 1.15% of the stock is owned by corporate insiders.

Trending Headlines about TMX Group

Here are the key news stories impacting TMX Group this week:

Positive Sentiment: Strong second-quarter results: TMX Group reported C$0.62 in EPS and C$487.5 million in revenue, providing evidence of continued operating momentum across its exchange and market-data businesses. TMX Group Limited Reports Results for the Second Quarter of 2026
Positive Sentiment: Dividend increased: The company raised its quarterly dividend by 8% to C$0.26 per common share, improving shareholder income and signaling confidence in cash-flow generation. TMX Group Limited Increases Dividend by 8%
Positive Sentiment: U.S. market expansion: TMX Group and MEMX plan to combine MEMX and BOX into a roughly US$2.3 billion MEMX Group. The transaction would give TMX greater exposure to U.S. equities and options trading and diversify its revenue base. TMX Group and MEMX Announce Strategic Combination
Positive Sentiment: Analyst remains bullish: Raymond James maintained a “strong-buy” rating and still sees substantial upside, despite reducing its price target to C$64.50 from C$65.25. Raymond James analyst rating
Neutral Sentiment: Data-services partnership: TMX Datalinx is collaborating with Trading Central on a corporate-events calendar for brokerages, potentially supporting longer-term growth in market-data services. Trading Central and TMX Datalinx partnership
Negative Sentiment: Target reduction and execution risk: The lower Raymond James target may weigh on sentiment at the margin, while the MEMX/BOX combination introduces transaction, integration and capital-allocation risks before the expected strategic benefits are realized.

About TMX Group

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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.