TMX Group (TSE:X) Given a C$66.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a C$66.00 price target on TMX Group (TSE:X) in a report released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a moderate buy rating on the stock.

A number of other analysts have also commented on the stock. National Bankshares upped their price objective on shares of TMX Group from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Monday, August 4th. Barclays upped their price objective on shares of TMX Group from C$56.00 to C$58.00 in a research note on Thursday, July 10th. TD Securities increased their price target on shares of TMX Group from C$57.00 to C$58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Scotiabank raised shares of TMX Group from a “hold” rating to an “outperform” rating and increased their price target for the stock from C$65.00 to C$70.00 in a research report on Wednesday, September 17th. Finally, BMO Capital Markets increased their price target on shares of TMX Group from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$61.06.

TMX Group Price Performance

X stock opened at C$53.21 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. TMX Group has a one year low of C$42.10 and a one year high of C$57.98. The firm has a market capitalization of C$14.80 billion, a PE ratio of 35.24, a P/E/G ratio of 12.65 and a beta of 0.10. The firm has a 50-day moving average of C$54.95 and a two-hundred day moving average of C$54.53.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 29th were issued a $0.22 dividend. This is an increase from TMX Group’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 15th. TMX Group’s dividend payout ratio is currently 51.66%.

About TMX Group

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.