TMX Group Limited (TSE:X) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TMX Group Limited (TSE:X) have been given an average rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$47.19.

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

TMX Group Trading Up 0.2 %

TMX Group stock opened at C$52.55 on Thursday. The company has a market cap of C$14.61 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 12.65 and a beta of 0.43. The firm has a 50-day moving average of C$50.06 and a 200-day moving average of C$45.99. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. TMX Group has a one year low of C$35.62 and a one year high of C$52.89.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were paid a dividend of $0.20 per share. This is an increase from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, February 21st. TMX Group’s payout ratio is currently 42.72%.

Insider Activity at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is owned by company insiders.

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.