TMX Group (TSE:X) Given New C$65.25 Price Target at Raymond James Financial

TMX Group (TSE:X) had its target price boosted by Raymond James Financial from C$61.50 to C$65.25 in a research report released on Friday,BayStreet.CA reports. Raymond James Financial currently has a strong-buy rating on the stock.

Several other equities research analysts have also commented on X. National Bank Financial boosted their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Scotia boosted their target price on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. Barclays boosted their target price on shares of TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada boosted their target price on shares of TMX Group from C$65.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets boosted their target price on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, TMX Group has an average rating of “Moderate Buy” and an average price target of C$64.92.

TMX Group Price Performance

Shares of TSE X opened at C$50.48 on Friday. The firm has a market capitalization of C$13.94 billion, a P/E ratio of 26.43, a PEG ratio of 12.65 and a beta of -0.20. TMX Group has a one year low of C$44.10 and a one year high of C$57.98. The company’s fifty day moving average is C$52.44 and its two-hundred day moving average is C$50.54. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.96 annualized dividend and a yield of 1.9%. TMX Group’s dividend payout ratio (DPR) is 46.07%.

Insider Transactions at TMX Group

In related news, insider John Mckenzie sold 69,970 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the transaction, the insider directly owned 100,774 shares in the company, valued at C$5,513,345.54. This trade represents a 40.98% decrease in their ownership of the stock. 1.15% of the stock is owned by company insiders.

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.