Barclays Issues Positive Forecast for TMX Group (TSE:X) Stock Price

TMX Group (TSE:X) had its price target boosted by Barclays from C$45.00 to C$47.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other research firms have also issued reports on X. CIBC boosted their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. BMO Capital Markets boosted their target price on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. National Bankshares boosted their target price on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Finally, TD Securities upped their price target on shares of TMX Group from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$46.94.

TMX Group Price Performance

X opened at C$44.00 on Monday. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.01 and a current ratio of 1.00. TMX Group has a 1-year low of C$29.84 and a 1-year high of C$45.92. The company has a 50-day moving average of C$43.65 and a 200-day moving average of C$41.46. The company has a market capitalization of C$12.21 billion, a P/E ratio of 29.93, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group (TSE:X) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.01. TMX Group had a net margin of 13.39% and a return on equity of 10.08%. The business had revenue of C$353.80 million during the quarter, compared to the consensus estimate of C$356.24 million. Equities analysts expect that TMX Group will post 1.7708421 EPS for the current fiscal year.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, November 15th. TMX Group’s dividend payout ratio is presently 50.34%.

TMX Group Company Profile

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.