Brokerages Set TMX Group Limited (TSE:X) Price Target at C$61.61

TMX Group Limited (TSE:X) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$62.56.

A number of brokerages recently commented on X. Royal Bank Of Canada boosted their target price on shares of TMX Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Barclays boosted their target price on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. National Bank Financial boosted their target price on shares of TMX Group from C$60.00 to C$63.00 in a research note on Wednesday. Raymond James Financial boosted their target price on shares of TMX Group from C$61.00 to C$61.50 and gave the stock a “strong-buy” rating in a research note on Friday, April 17th. Finally, Canaccord Genuity Group lowered their target price on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research note on Monday, February 9th.

TMX Group Price Performance

Shares of X opened at C$55.48 on Friday. The firm has a market capitalization of C$15.42 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 12.65 and a beta of -0.35. The firm’s fifty day simple moving average is C$49.87 and its 200-day simple moving average is C$50.24. TMX Group has a twelve month low of C$44.10 and a twelve month high of C$57.98. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 45.58.

TMX Group (TSE:X) last issued its earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$457.80 million during the quarter. TMX Group had a net margin of 14.23% and a return on equity of 8.85%. Equities analysts forecast that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, March 6th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 20th. This is an increase from TMX Group’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. TMX Group’s payout ratio is presently 56.38%.

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.