TMX Group (TSE:X) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of TMX Group (TSE:X) from a hold rating to a buy rating in a research note released on Wednesday,BayStreet.CA reports. The firm currently has C$60.00 price objective on the stock, up from their previous price objective of C$58.00.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial reduced their price objective on shares of TMX Group from C$62.50 to C$59.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays dropped their price target on TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price target on TMX Group from C$57.00 to C$61.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. National Bankshares upped their target price on TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Royal Bank Of Canada set a C$66.00 price target on TMX Group and gave the company a “moderate buy” rating in a research report on Wednesday, October 1st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$61.11.

TMX Group Stock Performance

Shares of X stock opened at C$49.85 on Wednesday. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The company has a market capitalization of C$13.86 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 12.65 and a beta of -0.02. The company’s 50 day moving average price is C$52.76 and its two-hundred day moving average price is C$54.57. TMX Group has a 52 week low of C$42.47 and a 52 week high of C$57.98.

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 29th were issued a dividend of $0.22 per share. This is a positive change from TMX Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.88 dividend on an annualized basis and a yield of 1.8%. TMX Group’s payout ratio is currently 49.09%.

About TMX Group

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.