TMX Group (TSE:X) Price Target Raised to C$115.00 at CIBC

TMX Group (TSE:X) had its target price increased by CIBC from C$97.00 to C$115.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Several other research analysts also recently weighed in on X. National Bank Financial boosted their target price on TMX Group from C$103.00 to C$114.00 and gave the stock an outperform rating in a research note on Thursday. TD Securities lifted their price target on TMX Group from C$108.00 to C$125.00 and gave the stock a buy rating in a research report on Friday. Royal Bank of Canada lifted their price target on TMX Group from C$106.00 to C$118.00 in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on TMX Group from C$110.00 to C$115.00 in a research report on Thursday.

X stock traded up C$0.37 on Friday, hitting C$114.01. 351,300 shares of the company’s stock were exchanged, compared to its average volume of 140,832. TMX Group has a 12-month low of C$68.87 and a 12-month high of C$114.61. The stock’s 50 day simple moving average is C$94.87. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 33.73. The firm has a market capitalization of $6.33 billion and a PE ratio of 22.54.

TMX Group (TSE:X) last announced its earnings results on Thursday, May 9th. The company reported C$1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.16 by C$0.14. The business had revenue of C$197.50 million for the quarter, compared to analysts’ expectations of C$196.90 million. As a group, sell-side analysts forecast that TMX Group will post 6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, August 22nd. This represents a $2.48 dividend on an annualized basis and a yield of 2.18%. TMX Group’s dividend payout ratio is currently 46.65%.

In other TMX Group news, Senior Officer Mary Lou Hukezalie sold 3,000 shares of TMX Group stock in a transaction dated Monday, May 13th. The stock was sold at an average price of C$90.00, for a total transaction of C$270,000.00. Following the completion of the sale, the insider now owns 1,350 shares of the company’s stock, valued at approximately C$121,500.

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 & Clearing; and Equities and Fixed Income Trading and Clearing.

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