TMX Group (X) Price Target Raised to C$98.00

TMX Group (TSE:X) had its target price hoisted by TD Securities from C$94.00 to C$98.00 in a report released on Friday morning. The firm currently has a buy rating on the stock.

X has been the topic of several other research reports. CIBC upped their price objective on shares of TMX Group from C$88.00 to C$98.00 in a report on Friday, July 20th. National Bank Financial upped their price objective on shares of TMX Group from C$84.00 to C$86.00 and gave the company an outperform rating in a report on Thursday, April 12th. BMO Capital Markets upped their price objective on shares of TMX Group from C$80.00 to C$85.00 in a report on Friday, May 11th. Finally, Scotiabank upped their price objective on shares of TMX Group from C$81.00 to C$87.00 and gave the company a sector perform rating in a report on Friday, May 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of C$90.33.

TMX Group opened at C$87.30 on Friday, according to Marketbeat.com. TMX Group has a 52-week low of C$64.81 and a 52-week high of C$89.85.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 24th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $2.32 annualized dividend and a yield of 2.66%.

In related news, insider Mary Lou Hukezalie sold 7,396 shares of the stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of C$82.05, for a total value of C$606,841.80.

TMX Group Company Profile

TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment offers real time data, other market data products, and data delivery and technology solutions.

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Analyst Recommendations for TMX Group (TSE:X)

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