TMX Group Limited (TSE:X) Receives Consensus Rating of "Hold" from Analysts

TMX Group Limited (TSE:X - Get Free Report) has received a consensus rating of "Hold" from the six brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$47.19.

A number of brokerages recently weighed in on X. TD Securities upped 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 report on Thursday, January 30th. Barclays increased their target price on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th.

Insider Buying and Selling at TMX Group

In other 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. Corporate insiders own 1.15% of the company's stock.

TMX Group Trading Down 1.3 %

TSE:X traded down C$0.67 on Thursday, reaching C$50.74. The stock had a trading volume of 23,828 shares, compared to its average volume of 449,764. The company has a market cap of C$14.11 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. TMX Group has a 12-month low of C$35.65 and a 12-month high of C$53.66. The firm's fifty day moving average is C$50.31 and its two-hundred day moving average is C$46.12.

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TMX Group Increases Dividend

The company 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 a positive change from TMX Group's previous quarterly dividend of $0.19. The ex-dividend date was Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. TMX Group's dividend payout ratio (DPR) is presently 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.