TMX Group (TSE:X) Price Target Increased to C$38.00 by Analysts at Barclays

TMX Group (TSE:X) had its price target increased by Barclays from C$35.00 to C$38.00 in a research report released on Monday morning, BayStreet.CA reports.

Several other brokerages have also recently issued reports on X. CIBC boosted their price objective on shares of TMX Group from C$34.00 to C$35.00 and gave the company a neutral rating in a research note on Wednesday, February 7th. TD Securities upped their price target on shares of TMX Group from C$34.00 to C$35.00 and gave the stock a hold rating in a research report on Wednesday, February 7th. Royal Bank of Canada upped their price target on shares of TMX Group from C$34.00 to C$36.00 and gave the stock a sector perform rating in a research report on Tuesday, February 6th. National Bankshares upped their price target on shares of TMX Group to C$37.00 and gave the stock a sector perform rating in a research report on Monday, February 5th. Finally, Scotiabank upped their price target on shares of TMX Group from C$36.00 to C$38.00 and gave the stock a sector perform rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of C$37.14.

TMX Group Stock Down 0.5 %

Shares of TSE X opened at C$36.52 on Monday. TMX Group has a 52-week low of C$26.82 and a 52-week high of C$37.01. The firm has a fifty day moving average of C$34.84 and a 200-day moving average of C$31.99. The stock has a market capitalization of C$10.10 billion, a PE ratio of 28.53, a P/E/G ratio of 12.65 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 26.67.

TMX Group (TSE:X) last announced its quarterly earnings data on Monday, February 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.37. TMX Group had a net margin of 12.28% and a return on equity of 9.10%. The company had revenue of C$301.50 million during the quarter, compared to analysts’ expectations of C$300.05 million. On average, analysts anticipate that TMX Group will post 1.6194927 EPS for the current year.

TMX Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 8th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.97%. TMX Group’s dividend payout ratio is currently 55.47%.

Insiders Place Their Bets

In other TMX Group news, Senior Officer Luc Fortin sold 15,140 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. In other news, Senior Officer Luc Fortin sold 15,140 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$35.32, for a total value of C$534,744.80. Also, 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 transaction of C$3,234,636.08. 5.57% of the stock is currently owned by company 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.