TMX Group Limited (TSE:X) Declares Quarterly Dividend of $0.22

TMX Group Limited (TSE:X) declared a quarterly dividend on Friday, November 14th, TickerTech Dividends reports. Investors of record on Friday, November 28th will be given a dividend of 0.22 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 14th.

TMX Group Price Performance

TSE X traded up C$1.16 on Wednesday, reaching C$51.71. The company had a trading volume of 124,204 shares, compared to its average volume of 530,499. 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 stock has a market capitalization of C$14.38 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 12.65 and a beta of -0.03. The firm’s 50 day moving average price is C$52.01 and its 200 day moving average price is C$54.51. TMX Group has a 12 month low of C$42.47 and a 12 month high of C$57.98.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on X shares. Raymond James Financial reduced their target price on TMX Group from C$62.50 to C$59.00 and set an “outperform” rating on the stock in a report on Tuesday, October 28th. Barclays cut their price target on TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Scotiabank set a C$70.00 price objective on TMX Group and gave the stock a “sector perform” rating in a report on Friday, October 24th. Royal Bank Of Canada raised their target price on shares of TMX Group from C$66.00 to C$67.00 in a report on Wednesday, October 29th. Finally, TD Securities upgraded shares of TMX Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$58.00 to C$60.00 in a research report on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$61.11.

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.