TMX Group (TSE:X) had its price target hoisted by Deutsche Bank from C$127.00 to C$129.00 in a report issued on Wednesday morning, BayStreet.CA reports.
Other analysts have also recently issued reports about the company. CIBC upped their target price on TMX Group from C$123.00 to C$127.00 in a report on Friday, January 31st. National Bank Financial upped their target price on TMX Group from C$128.00 to C$135.00 and gave the company an outperform rating in a report on Tuesday. Royal Bank of Canada cut TMX Group from an outperform rating to a sector perform rating and upped their target price for the company from C$118.00 to C$119.00 in a report on Monday, October 21st. Finally, TD Securities upped their target price on TMX Group from C$120.00 to C$125.00 and gave the company a hold rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of C$125.00.
Shares of X stock opened at C$117.10 on Wednesday. The business’s 50 day simple moving average is C$117.53 and its 200 day simple moving average is C$113.85. TMX Group has a one year low of C$81.39 and a one year high of C$128.86. The stock has a market capitalization of $6.63 billion and a PE ratio of 24.50. The company has a debt-to-equity ratio of 32.75, a current ratio of 1.00 and a quick ratio of 0.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, February 27th. TMX Group’s payout ratio is 52.72%.
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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