TMX Group Limited (TSE:X) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TMX Group Limited (TSE:X) have been given an average rating of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$61.11.

Several equities research analysts have weighed in on the company. TD Securities raised TMX Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$58.00 to C$60.00 in a report on Wednesday, October 29th. National Bankshares lifted their target price on shares of TMX Group from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada boosted their target price on shares of TMX Group from C$66.00 to C$67.00 in a research report on Wednesday, October 29th. Raymond James Financial decreased their price target on shares of TMX Group from C$62.50 to C$59.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Finally, Barclays lowered their price objective on shares of TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th.

TMX Group Stock Performance

Shares of X stock opened at C$50.58 on Monday. The business’s fifty day simple moving average is C$51.53 and its 200-day simple moving average is C$53.33. The company has a market cap of C$14.07 billion, a PE ratio of 30.65, a PEG ratio of 12.65 and a beta of -0.22. 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 12-month low of C$42.47 and a 12-month high of C$57.98.

TMX Group (TSE:X) last announced its earnings results on Monday, October 27th. The company reported C$0.43 earnings per share for the quarter. TMX Group had a return on equity of 3.37% and a net margin of 25.80%.The firm had revenue of C$418.60 million for the quarter. Analysts expect that TMX Group will post 1.7708421 earnings per share for the current fiscal year.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 28th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.88 dividend on an annualized basis and a yield of 1.7%. TMX Group’s payout ratio is currently 49.09%.

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.