Royal Bank Of Canada set a C$66.00 target price on TMX Group (TSE:X – Free Report) in a research note released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
X has been the topic of a number of other reports. Raymond James Financial upped their target price on TMX Group from C$59.00 to C$62.50 and gave the company an “outperform” rating in a research report on Friday, August 1st. Scotiabank raised TMX Group from a “hold” rating to an “outperform” rating and upped their target price for the company from C$65.00 to C$70.00 in a research report on Wednesday, September 17th. National Bankshares upped their target price on TMX Group from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research report on Monday, August 4th. TD Securities upped their target price on TMX Group from C$57.00 to C$58.00 and gave the company a “hold” rating in a research report on Tuesday, August 5th. Finally, Barclays upped their target price on TMX Group from C$56.00 to C$58.00 in a research report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$61.06.
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TMX Group Stock Performance
Shares of X opened at C$53.07 on Wednesday. The business’s 50 day moving average is C$55.09 and its two-hundred day moving average is C$54.50. TMX Group has a 52-week low of C$42.06 and a 52-week high of C$57.98. The firm has a market cap of C$14.76 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 12.65 and a beta of 0.10. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.
TMX Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 29th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, August 15th. This is a positive change from TMX Group’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.7%. TMX Group’s payout ratio is presently 51.66%.
About TMX Group
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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.
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