TMX Group Limited (TSE:X) Given Consensus Rating of “Hold” by Analysts

TMX Group Limited (TSE:X) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$60.78.

Several equities research analysts have recently weighed in on X shares. Scotiabank set a C$70.00 price target on shares of TMX Group and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Royal Bank Of Canada set a C$66.00 price target on shares of TMX Group and gave the stock a “moderate buy” rating in a research report on Wednesday, October 1st. Barclays lowered their price target on shares of TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Raymond James Financial lowered their price target on shares of TMX Group from C$62.50 to C$59.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets increased their target price on shares of TMX Group from C$57.00 to C$61.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th.

TMX Group Price Performance

Shares of X opened at C$51.78 on Wednesday. The company has a 50 day moving average price of C$52.89 and a 200-day moving average price of C$54.57. TMX Group has a fifty-two week low of C$42.47 and a fifty-two week high of C$57.98. The stock has a market capitalization of C$14.40 billion, a PE ratio of 34.29, a PEG ratio of 12.65 and a beta of -0.02. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from TMX Group’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.7%. TMX Group’s dividend payout ratio is currently 51.66%.

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.