TMX Group (TSE:X) Given New C$55.00 Price Target at Barclays

TMX Group (TSE:X - Free Report) had its price target lifted by Barclays from C$53.00 to C$55.00 in a report issued on Tuesday,BayStreet.CA reports.

Separately, TD Securities lifted their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a "hold" rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$48.19.

TMX Group Price Performance

Shares of X traded up C$1.27 during mid-day trading on Tuesday, hitting C$48.87. 512,243 shares of the company were exchanged, compared to its average volume of 488,727. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. TMX Group has a 1-year low of C$35.65 and a 1-year high of C$53.66. The stock has a market cap of C$13.59 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a 50 day moving average of C$50.61 and a 200-day moving average of C$46.31.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were issued a $0.20 dividend. The ex-dividend date was Friday, February 21st. This is a boost from TMX Group's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.64%. TMX Group's dividend payout ratio is currently 42.72%.

Insider Buying and Selling

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total value of C$1,979,776.00. Corporate insiders own 1.15% of the company's stock.

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.