TMX Group (TSE:X) Upgraded at National Bank Financial

National Bank Financial upgraded shares of TMX Group (TSE:X) from a hold rating to an outperform rating in a research report report published on Monday morning, Marketbeat.com reports. The firm currently has C$63.00 target price on the stock, down from their prior target price of C$65.00.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. BMO Capital Markets raised their target price on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Raymond James Financial boosted their target price on shares of TMX Group from C$61.50 to C$65.25 and gave the company a “strong-buy” rating in a research report on Friday, June 12th. Scotia upped their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price target on shares of TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$65.36.

TMX Group Stock Performance

X opened at C$51.75 on Monday. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35. TMX Group has a 52-week low of C$44.10 and a 52-week high of C$57.98. The firm has a market cap of C$14.29 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 12.65 and a beta of -0.16. The business’s fifty day moving average is C$49.55 and its 200-day moving average is C$49.88.

TMX Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 22nd. TMX Group’s dividend payout ratio is currently 46.07%.

Insider Buying and Selling at TMX Group

In other TMX Group news, insider John Mckenzie acquired 35,860 shares of TMX Group stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of C$55.84 per share, with a total value of C$2,002,422.40. Following the completion of the purchase, the insider directly owned 136,634 shares of the company’s stock, valued at C$7,629,642.56. This represents a 35.58% increase in their position. 1.15% of the stock is currently owned by corporate insiders.

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.