TMX Group Limited (TSE:X) Receives C$47.19 Consensus Price Target from Brokerages

Shares of TMX Group Limited (TSE:X) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$47.19.

A number of analysts have recently issued reports on X shares. Barclays lifted their price objective on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities upped their price objective on TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Thursday, January 30th.

TMX Group Stock Performance

TSE X opened at C$51.41 on Thursday. The firm has a market cap of C$14.30 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The company’s 50 day moving average is C$50.31 and its 200-day moving average is C$46.12. TMX Group has a 12-month low of C$35.65 and a 12-month high of C$53.66.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s payout ratio is currently 42.72%.

Insider Transactions at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group 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. Insiders own 1.15% of the company’s stock.

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.