TMX Group Limited (TSE:X) Receives Average Recommendation of “Hold” from Brokerages

TMX Group Limited (TSE:X) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$55.13.

X has been the topic of a number of research analyst reports. CIBC increased their price target on TMX Group from C$55.00 to C$57.00 and gave the company a “neutral” rating in a research note on Monday, April 28th. Scotiabank increased their target price on TMX Group from C$56.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. BMO Capital Markets increased their target price on TMX Group from C$55.00 to C$57.00 in a report on Tuesday, April 15th. National Bankshares increased their target price on TMX Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Finally, Barclays increased their target price on TMX Group from C$55.00 to C$56.00 in a report on Wednesday, May 7th.

TMX Group Price Performance

TMX Group stock opened at C$55.59 on Friday. The firm has a market capitalization of C$15.46 billion, a P/E ratio of 32.09, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a 1 year low of C$35.65 and a 1 year high of C$56.91. The business has a 50-day moving average of C$53.12 and a 200-day moving average of C$48.98. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, June 6th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, May 23rd. TMX Group’s dividend payout ratio is currently 42.72%.

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.