Brokerages Set TMX Group Limited (TSE:X) Price Target at C$47.19

TMX Group Limited (TSE:X) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$47.19.

A number of equities research analysts have issued reports on X shares. TD Securities lifted their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Barclays lifted their target price on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets lifted their target price on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th.

TMX Group Trading Up 0.3 %

TMX Group stock opened at C$50.21 on Friday. 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 firm has a market cap of C$13.96 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. TMX Group has a 1 year low of C$33.41 and a 1 year high of C$52.80. The firm’s 50 day moving average price is C$48.04 and its two-hundred day moving average price is C$45.17.

TMX Group Increases Dividend

The business also recently disclosed 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 is an increase from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. TMX Group’s payout ratio is presently 42.72%.

Insider Activity at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value 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.