Brokerages Set Tmx Group Limited (X) Price Target at $75.50
Shares of Tmx Group Limited (TSE:X) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$75.50.
Several equities research analysts recently issued reports on X shares. Scotiabank increased their price objective on Tmx Group Limited from C$71.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday, August 11th. National Bank Financial reduced their price objective on Tmx Group Limited from C$80.00 to C$76.00 and set a “sector perform” rating for the company in a research note on Thursday, August 10th. BMO Capital Markets reissued a “market perform” rating and issued a C$70.00 price objective on shares of Tmx Group Limited in a research note on Friday. Finally, TD Securities reduced their price objective on Tmx Group Limited from C$83.00 to C$82.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th.
Shares of Tmx Group Limited (TSE:X) traded down 0.33% on Friday, reaching $67.09. 54,518 shares of the company traded hands. The company has a market capitalization of $3.71 billion and a PE ratio of 18.11. Tmx Group Limited has a 52-week low of $56.33 and a 52-week high of $79.90. The firm has a 50-day moving average of $66.54 and a 200-day moving average of $69.91.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 2.97%. This is a positive change from Tmx Group Limited’s previous quarterly dividend of $0.30.
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Tmx Group Limited Company Profile
TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates in six segments: Market Insights; Capital Formation; Derivatives Trading & Clearing; Equities and Fixed Income Trading & Clearing; Energy Trading & Clearing; and Market Solutions.
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