TMX Group Limited (TSE:X) Receives C$47.19 Consensus Price Target from Brokerages

TMX Group Limited (TSE:X) has been assigned an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$47.19.

X has been the subject of a number of recent analyst reports. Barclays raised their price objective on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. TD Securities lifted their price target on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th.

TMX Group Stock Performance

TMX Group stock opened at C$48.40 on Thursday. The firm has a market capitalization of C$13.46 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. TMX Group has a one year low of C$35.65 and a one year high of C$53.66. The stock’s 50 day moving average price is C$50.37 and its 200 day moving average price is C$46.14. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, February 21st. TMX Group’s dividend payout ratio (DPR) is 42.72%.

Insider Activity at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is currently owned by insiders.

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.