TMX Group (TSE:X) Given New C$115.00 Price Target at CIBC

TMX Group (TSE:X) had its price objective lifted by CIBC from C$97.00 to C$115.00 in a report released on Friday morning, BayStreet.CA reports.

A number of other equities research analysts also recently commented on X. National Bank Financial lifted their price objective on TMX Group from C$103.00 to C$114.00 and gave the company an outperform rating in a research report on Thursday, August 8th. BMO Capital Markets lifted their price objective 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, TD Securities boosted their price target on TMX Group from C$108.00 to C$125.00 and gave the company a buy rating in a research report on Friday.

Shares of TSE:X opened at C$112.04 on Friday. The stock has a market capitalization of $6.33 billion and a P/E ratio of 22.15. The company has a debt-to-equity ratio of 33.73, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a 52 week low of C$68.87 and a 52 week high of C$114.61. The firm has a fifty day simple moving average of C$96.18.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, August 22nd. TMX Group’s dividend payout ratio (DPR) is presently 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.

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