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

Shares of TMX Group Limited (TSE:X) have received an average rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$60.78.

X has been the topic of a number of recent analyst reports. Raymond James Financial cut their price target on shares of TMX Group from C$62.50 to C$59.00 and set an “outperform” rating on the stock in a research note on Tuesday. BMO Capital Markets increased their price objective on shares of TMX Group from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 16th. National Bankshares increased their price objective on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Scotiabank set a C$70.00 price objective on shares of TMX Group and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Finally, Royal Bank Of Canada set a C$66.00 price objective on shares of TMX Group and gave the stock a “moderate buy” rating in a research note on Wednesday, October 1st.

TMX Group Trading Up 3.9%

Shares of TMX Group stock opened at C$51.78 on Wednesday. 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 12-month low of C$42.47 and a 12-month high of C$57.98. The firm has a market capitalization of C$14.40 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 12.65 and a beta of -0.02. The firm’s 50 day simple moving average is C$52.89 and its two-hundred day simple moving average is C$54.57.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 29th were paid a $0.22 dividend. The ex-dividend date was Friday, August 15th. This is an increase from TMX Group’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.7%. TMX Group’s dividend payout ratio (DPR) is currently 51.66%.

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.