TMX Group Limited (TSE:X) Receives C$59.81 Average PT from Analysts

Shares of TMX Group Limited (TSE:X) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$59.81.

Several analysts have recently commented on X shares. TD Securities increased their price objective on TMX Group from C$57.00 to C$58.00 and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Barclays raised their target price on TMX Group from C$56.00 to C$58.00 in a research report on Thursday, July 10th. Raymond James Financial raised their target price on TMX Group from C$59.00 to C$62.50 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Scotiabank raised their price target on TMX Group from C$63.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group raised their price target on TMX Group from C$52.00 to C$58.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th.

TMX Group Trading Up 0.4%

Shares of X stock opened at C$56.92 on Friday. The stock has a market cap of C$15.83 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 12.65 and a beta of 0.43. The stock has a 50-day moving average of C$56.32 and a 200-day moving average of C$53.61. 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 1-year low of C$41.50 and a 1-year high of C$57.98.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from TMX Group’s previous quarterly dividend of $0.20. TMX Group’s payout ratio is presently 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.