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

TMX Group Limited (TSE:X) has earned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating 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 several research analyst reports. TD Securities upped their price target on shares of 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. Barclays increased their target price on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th.

TMX Group Price Performance

X stock opened at C$48.40 on Thursday. The firm has a 50-day moving average of C$50.37 and a two-hundred day moving average of C$46.14. The firm has a market capitalization of C$13.46 billion, a PE ratio of 27.94, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. TMX Group has a one year low of C$35.65 and a one year high of C$53.66.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio (DPR) is 42.72%.

Insider Transactions at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group 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 value of C$1,979,776.00. 1.15% of the stock is currently owned by company insiders.

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.