Tmx Group Limited Given Sector Perform Rating at Scotiabank (X)
Tmx Group Limited (TSE:X)‘s stock had its “sector perform” rating reaffirmed by analysts at Scotiabank in a research report issued to clients and investors on Friday. They currently have a C$62.00 price objective on the stock. Scotiabank’s price target suggests a potential upside of 14.71% from the stock’s previous close.
Shares of Tmx Group Limited (TSE:X) traded down 1.88% on Friday, hitting $53.76. 27,492 shares of the company’s stock traded hands. Tmx Group Limited has a 52-week low of $42.66 and a 52-week high of $61.35. The stock has a 50-day moving average of $57.4 and a 200-day moving average of $55.12. The company has a price-to-earnings ratio of 22.36.
Tmx Group Limited (TSE:X) last released its earnings data on Monday, May 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. Analysts expect that Tmx Group Limited will post $4.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Wednesday, August 20th.
Other equities research analysts have also recently issued reports about the stock. Analysts at NBF raised their price target on shares of Tmx Group Limited from C$60.00 to C$63.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at National Bank Financial reiterated a “sector perform” rating on shares of Tmx Group Limited in a research note on Wednesday. They now have a C$63.00 price target on the stock, up previously from C$60.00. Finally, analysts at BMO Capital Markets upgraded shares of Tmx Group Limited to an “outperform” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$60.83.
TMX Group, Ltd. is a Canada-based company, which operates cash and derivative markets for multiple asset classes including equities, fixed income and energy.
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