BMO Capital Markets Forecasts Strong Price Appreciation for TMX Group (TSE:X) Stock

TMX Group (TSE:X) had its target price upped by BMO Capital Markets from C$57.00 to C$61.00 in a research note released on Wednesday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on the company. Barclays upped their price target on TMX Group from C$56.00 to C$58.00 in a research report on Thursday, July 10th. National Bankshares raised their price target on shares of TMX Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Canaccord Genuity Group raised their price target on shares of TMX Group from C$52.00 to C$58.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Raymond James Financial raised shares of TMX Group to a “moderate buy” rating in a research note on Wednesday, May 28th. Finally, CIBC increased their price objective on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$56.25.

TMX Group Stock Performance

Shares of TMX Group stock opened at C$56.48 on Wednesday. The stock has a market cap of C$15.71 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 12.65 and a beta of 0.43. TMX Group has a twelve month low of C$39.70 and a twelve month high of C$57.77. The company’s fifty day moving average is C$55.79 and its 200 day moving average is C$51.82. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, June 6th were paid a $0.20 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. TMX Group’s dividend payout ratio is currently 42.72%.

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.