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

TMX Group Limited (TSE:X) has earned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$55.13.

A number of analysts have recently weighed in on X shares. Canaccord Genuity Group upped their target price on shares of TMX Group from C$52.00 to C$58.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. National Bankshares upped their target price on shares of TMX Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Barclays upped their target price on shares of TMX Group from C$55.00 to C$56.00 in a research report on Wednesday, May 7th. Raymond James Financial raised shares of TMX Group to a “moderate buy” rating in a research report on Wednesday, May 28th. Finally, TD Securities increased their price objective on shares of TMX Group from C$49.00 to C$54.00 and gave the company a “hold” rating in a research report on Wednesday, April 30th.

TMX Group Trading Up 0.5%

TSE:X opened at C$56.39 on Thursday. The company has a fifty day moving average of C$55.11 and a 200 day moving average of C$50.43. TMX Group has a 52 week low of C$37.51 and a 52 week high of C$57.35. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The firm has a market capitalization of C$15.68 billion, a P/E ratio of 32.55, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, June 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, May 23rd. TMX Group’s payout ratio is 42.72%.

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.