TMX Group Limited (TSE:X) Receives C$55.13 Average Price Target from Brokerages

Shares of TMX Group Limited (TSE:X) have been given an average recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$55.13.

A number of equities analysts recently issued reports on the stock. Raymond James raised shares of TMX Group to a “moderate buy” rating in a report on Wednesday, May 28th. BMO Capital Markets lifted their price target on shares of TMX Group from C$55.00 to C$57.00 in a research note on Tuesday, April 15th. Barclays lifted their price target on shares of TMX Group from C$55.00 to C$56.00 in a research note on Wednesday, May 7th. TD Securities lifted their price target on shares of TMX Group from C$49.00 to C$54.00 and gave the stock a “hold” rating in a research note on Wednesday, April 30th. Finally, CIBC lifted their target price on TMX Group from C$55.00 to C$57.00 and gave the company a “neutral” rating in a research report on Monday, April 28th.

TMX Group Trading Down 1.4%

Shares of TSE:X opened at C$55.40 on Friday. The stock has a market capitalization of C$15.41 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is C$53.47 and its two-hundred day simple moving average is C$49.39. TMX Group has a 52-week low of C$35.89 and a 52-week high of C$56.91.

TMX Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, June 6th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was 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.