TMX Group (TSE:X) Given New C$58.00 Price Target at Scotiabank

TMX Group (TSE:X) had its price target upped by Scotiabank from C$56.00 to C$58.00 in a research note released on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other equities research analysts also recently commented on X. CIBC raised their target price on TMX Group from C$55.00 to C$57.00 and gave the company a “neutral” rating in a report on Monday, April 28th. TD Securities increased their target price on TMX Group from C$49.00 to C$54.00 and gave the stock a “hold” rating in a report on Wednesday, April 30th. National Bankshares boosted their price objective on shares of TMX Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Barclays boosted their price target on shares of TMX Group from C$55.00 to C$56.00 in a report on Wednesday. Finally, BMO Capital Markets raised their target price on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, TMX Group has an average rating of “Hold” and an average price target of C$55.13.

TMX Group Stock Up 0.6 %

Shares of TSE:X opened at C$56.33 on Wednesday. TMX Group has a 1 year low of C$35.65 and a 1 year high of C$56.60. The stock has a 50-day simple moving average of C$51.94 and a 200-day simple moving average of C$47.79. The stock has a market capitalization of C$15.67 billion, a P/E ratio of 32.52, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. This is a boost from TMX Group’s previous quarterly dividend of $0.19. 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.