Royal Bank Of Canada Cuts TMX Group (TSE:X) Price Target to C$64.00

TMX Group (TSE:X) had its price target lowered by Royal Bank Of Canada from C$67.00 to C$64.00 in a report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Raymond James Financial upgraded TMX Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from C$59.00 to C$61.00 in a research report on Monday. Barclays cut their price target on TMX Group from C$59.00 to C$52.00 and set an “equal weight” rating on the stock in a research report on Monday. Canaccord Genuity Group decreased their price objective on TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a report on Monday. TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Finally, National Bank Financial increased their price target on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TMX Group has an average rating of “Moderate Buy” and a consensus price target of C$60.67.

TMX Group Stock Down 0.8%

Shares of TSE:X opened at C$45.78 on Monday. The firm has a 50 day simple moving average of C$50.68 and a 200-day simple moving average of C$52.28. TMX Group has a twelve month low of C$44.82 and a twelve month high of C$57.98. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The company has a market capitalization of C$12.74 billion, a PE ratio of 30.72, a P/E/G ratio of 12.65 and a beta of -0.20.

TMX Group (TSE:X) last posted its earnings results on Thursday, February 5th. The company reported C$0.60 EPS for the quarter. TMX Group had a net margin of 25.80% and a return on equity of 3.37%. The firm had revenue of C$457.80 million for the quarter. On average, equities analysts predict that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were given a $0.22 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.88 annualized dividend and a yield of 1.9%. TMX Group’s dividend payout ratio is presently 56.38%.

TMX Group Company Profile

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.