TMX Group Limited (TSE:X) Receives Average Recommendation of “Hold” from Analysts

TMX Group Limited (TSE:X) has earned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$47.19.

Several analysts have recently weighed in on X shares. BMO Capital Markets lifted their price objective on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Barclays lifted their price target on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Finally, TD Securities raised their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Thursday, January 30th.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm’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. 1.15% of the stock is currently owned by insiders.

TMX Group Stock Up 0.2 %

TSE X opened at C$51.61 on Friday. TMX Group has a twelve month low of C$33.41 and a twelve month high of C$52.80. 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 stock has a market cap of C$14.35 billion, a PE ratio of 29.79, a PEG ratio of 12.65 and a beta of 0.43. The firm has a 50-day simple moving average of C$47.42 and a 200 day simple moving average of C$44.88.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were issued a $0.20 dividend. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.55%. TMX Group’s dividend payout ratio is presently 42.72%.

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.