Tmx Group Limited (X) Given Consensus Recommendation of “Hold” by Analysts
Tmx Group Limited (TSE:X) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$75.50.
A number of equities analysts recently weighed in on the company. BMO Capital Markets set a C$70.00 price objective on Tmx Group Limited and gave the company a “market perform” rating in a report on Friday. Scotiabank raised their price objective on Tmx Group Limited from C$71.00 to C$73.00 and gave the company a “sector perform” rating in a report on Friday, August 11th. National Bank Financial decreased their price objective on Tmx Group Limited from C$80.00 to C$76.00 and set a “sector perform” rating on the stock in a report on Thursday, August 10th. TD Securities decreased their price objective on Tmx Group Limited from C$83.00 to C$82.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada decreased their price objective on Tmx Group Limited from C$80.00 to C$78.00 and set a “sector perform” rating on the stock in a report on Thursday, May 11th.
Tmx Group Limited (TSE X) traded down 0.25% on Friday, hitting $67.31. The stock had a trading volume of 88,161 shares. The stock has a market capitalization of $3.73 billion and a price-to-earnings ratio of 18.17. The company has a 50-day moving average price of $66.61 and a 200-day moving average price of $69.95. Tmx Group Limited has a 1-year low of $56.33 and a 1-year high of $79.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This is a positive change from Tmx Group Limited’s previous quarterly dividend of $0.30. This represents a $2.00 annualized dividend and a dividend yield of 2.97%.
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Tmx Group Limited Company Profile
TMX Group Limited operates exchanges, markets, and clearing houses primarily for capital markets in Canada. It operates in six segments: Market Insights; Capital Formation; Derivatives Trading & Clearing; Equities and Fixed Income Trading & Clearing; Energy Trading & Clearing; and Market Solutions.
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