TMX Group Limited (TSE:X) Given Average Recommendation of "Hold" by Analysts

TMX Group Limited (TSE:X - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$47.19.

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. BMO Capital Markets raised their price target on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, TD Securities upped their price objective on TMX Group from C$44.00 to C$45.00 and gave the stock a "hold" rating in a report on Thursday, January 30th.

Insider Activity at TMX Group

In other TMX Group 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 company insiders.

TMX Group Price Performance

Shares of TSE:X traded up C$0.44 during trading on Friday, hitting C$50.90. 621,230 shares of the company's stock were exchanged, compared to its average volume of 438,849. The business's 50-day simple moving average is C$47.68 and its 200 day simple moving average is C$44.98. The company has a market cap of C$14.16 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 12.65 and a beta of 0.43. TMX Group has a 52-week low of C$33.41 and a 52-week high of C$52.80. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

Remove Ads

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were paid a dividend of $0.20 per share. This is a positive change from TMX Group's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, February 21st. TMX Group's 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.