TMX Group Limited (TSE:X) Receives Average Rating of "Hold" from Brokerages

Shares of TMX Group Limited (TSE:X - Get Free Report) have been given an average rating of "Hold" by the seven ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$47.19.

X has been the topic of several research analyst reports. CIBC lifted their price target on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. TD Securities boosted their price target on TMX Group from C$44.00 to C$45.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Barclays upped their price objective on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. National Bankshares raised their price target on TMX Group from C$43.00 to C$44.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets raised their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th.

TMX Group Stock Down 0.1 %

TSE X traded down C$0.05 on Wednesday, hitting C$50.63. 387,490 shares of the stock were exchanged, compared to its average volume of 382,141. TMX Group has a fifty-two week low of C$33.41 and a fifty-two week high of C$51.05. The company has a 50-day moving average price of C$45.41 and a 200-day moving average price of C$43.91. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The company has a market cap of C$14.08 billion, a PE ratio of 29.23, a PEG ratio of 12.65 and a beta of 0.43.

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TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, March 7th will be given a $0.20 dividend. This is an increase from TMX Group's previous quarterly dividend of $0.19. The ex-dividend date is Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. TMX Group's dividend payout ratio is presently 42.72%.

Insider Activity

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm'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. Insiders own 1.15% of the company's stock.

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.