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

Shares of TMX Group Limited (TSE:X) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to 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.

A number of brokerages have recently weighed in on X. BMO Capital Markets upped their target price on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. National Bankshares upped their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. CIBC lifted their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Barclays upped 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 lifted their price objective on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Thursday, January 30th.

Insider Buying and Selling at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction 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. Corporate insiders own 1.15% of the company’s stock.

TMX Group Stock Down 0.7 %

TSE:X opened at C$49.29 on Wednesday. The business’s fifty day moving average price is C$45.05 and its 200 day moving average price is C$43.71. The firm has a market capitalization of C$13.68 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. TMX Group has a 1-year low of C$33.41 and a 1-year high of C$50.08.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, March 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.62%. TMX Group’s dividend payout ratio is currently 50.34%.

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.