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

TMX Group Limited (TSE:X) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$47.19.

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

Insider Activity at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction dated 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. Company insiders own 1.15% of the company’s stock.

TMX Group Stock Performance

TSE:X opened at C$49.29 on Wednesday. The firm’s fifty day simple moving average is C$45.05 and its 200 day simple moving average is C$43.71. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 51.71. TMX Group has a twelve month low of C$33.41 and a twelve month high of C$50.08. The firm has a market capitalization of C$13.68 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, March 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, February 21st. TMX Group’s payout ratio is 50.34%.

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.