Analysts Set TMX Group Limited (TSE:X) Price Target at C$65.28

TMX Group Limited (TSE:X) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$65.28.

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on TMX Group from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. National Bank Financial upgraded shares of TMX Group from a “hold” rating to an “outperform” rating and lowered their price objective for the stock from C$65.00 to C$63.00 in a research note on Monday, July 27th. Raymond James Financial dropped their price objective on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a report on Friday, July 31st. Barclays boosted their target price on shares of TMX Group from C$58.00 to C$59.00 in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group upped their target price on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a report on Monday, June 15th.

TMX Group Price Performance

TSE X opened at C$54.16 on Friday. The business’s fifty day moving average price is C$51.08 and its 200-day moving average price is C$50.60. The stock has a market capitalization of C$14.92 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 12.65 and a beta of -0.15. The company has a debt-to-equity ratio of 41.81, a current ratio of 2.76 and a quick ratio of 0.01. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$57.27.

TMX Group (TSE:X) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%.The company had revenue of C$487.50 million during the quarter. On average, equities analysts predict that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 28th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from TMX Group’s previous quarterly dividend of $0.24. TMX Group’s payout ratio is presently 42.40%.

Insider Activity at TMX Group

In other news, insider Cheryl Graden sold 8,885 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of C$54.41, for a total value of C$483,432.85. Following the completion of the sale, the insider directly owned 32,845 shares in the company, valued at C$1,787,096.45. This represents a 21.29% decrease in their position. In the last ninety days, insiders sold 41,735 shares of company stock valued at $2,268,124. Corporate insiders own 1.15% of the company’s stock.

About TMX Group

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, Montréal 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.