TMX Group Limited (TSE:X) Receives C$47.19 Average Price Target from Analysts

TMX Group Limited (TSE:X) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$47.19.

X has been the subject of several research reports. Barclays raised their price target on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. BMO Capital Markets lifted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, TD Securities lifted their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, January 30th.

Insider Buying and Selling

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were 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 owned by corporate insiders.

TMX Group Stock Down 2.0 %

TSE:X opened at C$50.05 on Friday. The stock has a 50-day simple moving average of C$47.82 and a 200 day simple moving average of C$45.04. TMX Group has a 52-week low of C$33.41 and a 52-week high of C$52.80. The company has a market cap of C$13.92 billion, a PE ratio of 28.89, a PEG ratio of 12.65 and a beta of 0.43. 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, March 7th. Investors of record on Friday, March 7th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.60%. This is an increase from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, February 21st. TMX Group’s payout ratio 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.