TMX Group (TSE:X) had its target price lifted by TD Securities from C$108.00 to C$125.00 in a report issued on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.
Other analysts have also recently issued reports about the company. National Bank Financial boosted their price target on TMX Group from C$103.00 to C$114.00 and gave the stock an outperform rating in a research report on Thursday, August 8th. BMO Capital Markets boosted their price target on TMX Group from C$110.00 to C$115.00 in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price target on TMX Group from C$106.00 to C$118.00 in a research report on Thursday, August 8th. Finally, CIBC cut TMX Group from an outperform rating to a neutral rating and dropped their price target for the stock from C$101.00 to C$97.00 in a research report on Tuesday, April 23rd.
Shares of X opened at C$112.04 on Friday. The company has a debt-to-equity ratio of 33.73, a current ratio of 1.00 and a quick ratio of 0.01. TMX Group has a one year low of C$68.87 and a one year high of C$114.61. The stock has a market capitalization of $6.33 billion and a PE ratio of 22.15. The stock’s 50 day moving average price is C$96.18.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, August 22nd. TMX Group’s payout ratio is currently 47.44%.
TMX Group Company Profile
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading and Clearing.
Read More: Why do analysts give a neutral rating?
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