TMX Group Limited (TSE:X) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TMX Group Limited (TSE:X) have been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong 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$64.50.

A number of equities research analysts have recently commented on the stock. National Bank Financial upped their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Barclays lifted their target price on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Raymond James Financial upped their price target on shares of TMX Group from C$61.00 to C$61.50 and gave the company a “strong-buy” rating in a research report on Friday, April 17th. BMO Capital Markets increased their price target on TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group lowered their price objective on TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research report on Monday, February 9th.

Insiders Place Their Bets

In other TMX Group news, insider John Mckenzie purchased 35,860 shares of the company’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of C$55.84 per share, with a total value of C$2,002,422.40. Following the completion of the purchase, the insider owned 136,634 shares in the company, valued at C$7,629,642.56. This represents a 35.58% increase in their ownership of the stock. Insiders own 1.15% of the company’s stock.

TMX Group Stock Performance

TSE:X opened at C$52.47 on Wednesday. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35. TMX Group has a fifty-two week low of C$44.10 and a fifty-two week high of C$57.98. The company has a 50 day simple moving average of C$52.12 and a two-hundred day simple moving average of C$50.64. The company has a market capitalization of C$14.49 billion, a PE ratio of 27.47, a P/E/G ratio of 12.65 and a beta of -0.34.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, June 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.96 annualized dividend and a yield of 1.8%. TMX Group’s dividend payout ratio (DPR) is currently 46.07%.

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.