Nine analysts that monitor TMX Group Limited have given the company an average rating of “Moderate Buy,” according to Bloomberg.com (TSE:X). Two financial analysts, however, advise investors to postpone buying the company’s stock. The average 12-month price objective for brokers who raised their coverage of the stock in the last year is C$148.78.
Several research analysts recently commented on the shares of X. National Bankshares raised their price objective on shares of TMX Group from C$143.00 to C$148.00 in a research note released on Wednesday, October 26. In a research note released on Friday, October 28, TD Securities maintained a “buy” rating on TMX Group while lowering their price objective from C$160.00 to C$155.00. BMO Capital Markets raised their price objective on shares of TMX Group from C$147.00 to C$149.00 in a research note released on Friday, October 14. On Friday, October 28, Scotiabank increased its target price for shares of TMX Group from C$155.00 to C$165.00 in a research note. Deutsche Bank Aktiengesellschaft increased their target price on shares of TMX Group from C$143.00 to C$145.00 in a research note released on Tuesday, November 15.
Shares of X stock began trading at C$136.16 on Wednesday. The company has a 27.21 percent debt-to-equity ratio, a quick ratio of 0, and a current ratio of 1. The company’s 50-day and 200-day moving averages are 132.40 and 132.03 Canadian dollars, respectively. The stock has a price-to-earnings ratio of 14.45 and a market value of $7.57 billion. The 52-week low and high prices for TMX Group are 121.42 and 142.92 Canadian dollars, respectively.
The business also just disclosed a quarterly dividend distributed on November 24. As of the record date of November 10, shareholders received a dividend payment of $0.83. This yield is 2.44% and a $3.32 dividend value per year. The ex-dividend date fell on November 9, a Wednesday. TMX Group’s payout percentage is 34.61%.
TMX Group Limited oversees exchanges, marketplaces, and clearinghouses primarily for financial markets. The company’s four business segments are Global Solutions, Insights & Analytics, Capital Formation, Derivatives Trading, and Clearing, and Equities and Fixed Income Trading and Clearing.