Royal Bank of Canada Increases TMX Group (TSE:X) Price Target to C$38.00

TMX Group (TSE:X) had its target price lifted by Royal Bank of Canada from C$36.00 to C$38.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other brokerages also recently commented on X. CIBC raised their target price on TMX Group from C$35.00 to C$38.00 in a research note on Friday, April 26th. Scotiabank boosted their price objective on TMX Group from C$36.00 to C$38.00 and gave the company a sector perform rating in a research report on Wednesday, February 7th. National Bankshares boosted their price objective on TMX Group to C$37.00 and gave the company a sector perform rating in a research report on Monday, February 5th. BMO Capital Markets upgraded TMX Group from a market perform rating to an outperform rating and upped their target price for the company from C$36.00 to C$41.00 in a report on Monday, March 25th. Finally, Barclays upped their target price on TMX Group from C$35.00 to C$38.00 in a report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of C$39.13.

TMX Group Stock Down 1.3 %

X stock opened at C$35.98 on Monday. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.01 and a current ratio of 1.00. The company has a market capitalization of C$9.95 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 12.65 and a beta of 0.39. TMX Group has a fifty-two week low of C$27.57 and a fifty-two week high of C$37.01. The stock has a fifty day moving average of C$35.38 and a 200-day moving average of C$32.64.

TMX Group (TSE:X) last issued its earnings results on Monday, February 5th. The company reported C$0.37 EPS for the quarter, hitting the consensus estimate of C$0.37. TMX Group had a return on equity of 9.10% and a net margin of 12.28%. The business had revenue of C$301.50 million during the quarter, compared to the consensus estimate of C$300.05 million. As a group, equities research analysts predict that TMX Group will post 1.6194927 earnings per share for the current year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 8th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 2.00%. TMX Group’s dividend payout ratio (DPR) is presently 55.47%.

Insider Activity at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total value of C$3,234,636.08. In other news, Senior Officer Jayakumar Rajarathinam sold 95,750 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of C$33.78, for a total value of C$3,234,636.08. Also, Senior Officer Luc Fortin sold 15,140 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$35.32, for a total value of C$534,744.80. 5.57% of the stock is currently owned by insiders.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.