TMX Group Limited (TSE:X) Stock Has Consensus Target Price of C$67.25 According to Brokerages

Shares of TMX Group Limited (TSE:X – Get Free Report) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$67.25.

X has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on TMX Group from C$67.00 to C$75.00 and gave the stock an “outperform” rating in a report on Monday, November 2nd. Canaccord Genuity Group upped their price target on TMX Group from C$64.00 to C$65.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Raymond James Financial increased their price objective on TMX Group from C$64.50 to C$69.00 and gave the company a “strong-buy” rating in a research report on Friday, October 30th. National Bank Financial lifted their price objective on TMX Group from C$64.00 to C$67.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Finally, RBC Dominion Securities decreased their target price on TMX Group from C$69.00 to C$67.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th.

Check Out Our Latest Research Report on TMX Group

TMX Group Price Performance

Shares of TSE:X opened at C$62.64 on Wednesday. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$63.06. The company has a market capitalization of C$17.23 billion, a PE ratio of 29.55, a PEG ratio of 12.65 and a beta of -0.18. The business has a fifty day moving average price of C$55.16 and a 200-day moving average price of C$51.54. The company has a debt-to-equity ratio of 57.61, a current ratio of 10.13 and a quick ratio of 0.01.

TMX Group (TSE:X – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported C$0.63 earnings per share (EPS) for the quarter. TMX Group had a return on equity of 3.71% and a net margin of 30.56%. The business had revenue of C$491.10 million for the quarter. As a group, equities analysts expect that TMX Group will post 1.77 EPS for the current fiscal year.

TMX Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 27th will be paid a $0.26 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.7%. TMX Group’s payout ratio is currently 45.28%.

Insider Activity at TMX Group

In related news, insider Cheryl Graden sold 8,885 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$54.41, for a total transaction of C$483,432.85. Following the transaction, the insider owned 32,845 shares in the company, valued at C$1,787,096.45. This represents a 21.29% decrease in their ownership of the stock. Insiders have sold 41,735 shares of company stock valued at $2,268,124 in the last three months. Insiders own 1.15% of the company’s stock.

TMX Group Company Profile

(Get Free Report)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, MontrĂ©al Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.

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Analyst Recommendations for TMX Group (TSE:X)

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