National Bankshares Boosts TMX Group (TSE:X) Price Target to C$147.00

TMX Group (TSE:X) had its price target increased by National Bankshares from C$146.00 to C$147.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

X has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price target on TMX Group from C$144.00 to C$145.00 and gave the stock a hold rating in a research note on Friday, February 19th. CIBC upped their price target on TMX Group from C$140.00 to C$145.00 and gave the stock a neutral rating in a research note on Wednesday. Royal Bank of Canada increased their target price on TMX Group from C$148.00 to C$151.00 and gave the stock a sector perform rating in a research note on Tuesday, February 9th. TD Securities reissued a buy rating and issued a C$155.00 target price (up from C$145.00) on shares of TMX Group in a research note on Monday, May 3rd. Finally, Scotiabank increased their target price on TMX Group from C$149.00 to C$152.00 and gave the stock an outperform rating in a research note on Wednesday, April 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of C$148.71.

Shares of X stock opened at C$133.06 on Wednesday. The stock has a market cap of C$7.49 billion and a price-to-earnings ratio of 24.79. The business’s fifty day moving average is C$134.71 and its 200 day moving average is C$128.68. TMX Group has a twelve month low of C$120.13 and a twelve month high of C$144.97. The company has a quick ratio of 0.02, a current ratio of 1.01 and a debt-to-equity ratio of 30.16.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 11th. Stockholders of record on Friday, May 28th will be paid a $0.77 dividend. This is a boost from TMX Group’s previous quarterly dividend of $0.70. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, May 27th. TMX Group’s dividend payout ratio is currently 57.38%.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.

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Analyst Recommendations for TMX Group (TSE:X)

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