Barclays Boosts TMX Group (TSE:X) Price Target to C$40.00

TMX Group (TSE:X) had its target price hoisted by Barclays from C$38.00 to C$40.00 in a research note released on Wednesday, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. Scotiabank lifted their price objective on TMX Group from C$38.00 to C$39.00 and gave the stock a sector perform rating in a report on Tuesday, April 30th. TD Securities lifted their price target on shares of TMX Group from C$35.00 to C$37.00 and gave the stock a hold rating in a research note on Monday, May 6th. BMO Capital Markets increased their price objective on shares of TMX Group from C$42.00 to C$44.00 in a research note on Wednesday. National Bankshares raised their price objective on shares of TMX Group from C$37.00 to C$40.00 and gave the stock a sector perform rating in a report on Tuesday, April 30th. Finally, CIBC upped their target price on shares of TMX Group from C$38.00 to C$40.00 and gave the company a neutral rating in a research note on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of C$40.38.

TMX Group Trading Down 0.8 %

X opened at C$40.46 on Wednesday. The firm has a market capitalization of C$11.21 billion, a P/E ratio of 27.71, a P/E/G ratio of 12.65 and a beta of 0.39. The firm’s 50 day moving average is C$37.37 and its 200-day moving average is C$35.41. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 54.91. TMX Group has a 52-week low of C$28.32 and a 52-week high of C$41.15.

TMX Group (TSE:X) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.38 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.37 by C$0.01. TMX Group had a net margin of 13.67% and a return on equity of 10.16%. The company had revenue of C$345.90 million during the quarter, compared to analysts’ expectations of C$338.61 million. Analysts expect that TMX Group will post 1.6098304 EPS for the current fiscal year.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from TMX Group’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, May 16th. TMX Group’s dividend payout ratio is 50.00%.

Insider Transactions at TMX Group

In other news, Senior Officer Cheryl Graden sold 146,115 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. In other news, Senior Officer Cheryl Graden sold 146,115 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$35.96, for a total transaction of C$5,254,295.40. Also, Director Peter Alexander Conroy sold 13,965 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$36.19, for a total transaction of C$505,347.27. Insiders own 1.15% of the company’s stock.

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.