Brokerages Set TMX Group Limited (TSE:X) Price Target at C$47.19

Shares of TMX Group Limited (TSE:X) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$47.19.

X has been the subject of a number of research analyst reports. Barclays lifted their target price on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. National Bankshares lifted 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. BMO Capital Markets boosted their target price on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. CIBC raised their price target on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. Finally, TD Securities upped their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, January 30th.

TMX Group Stock Performance

TSE:X opened at C$50.61 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. TMX Group has a fifty-two week low of C$33.41 and a fifty-two week high of C$51.05. The company has a 50 day simple moving average of C$45.68 and a two-hundred day simple moving average of C$44.01. The company has a market capitalization of C$14.08 billion, a PE ratio of 29.21, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, March 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, February 21st. This is an increase from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio is 42.72%.

Insider Buying and Selling

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction that occurred 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 owned by 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.