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

Shares of TMX Group Limited (TSE:X) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$65.47.

A number of analysts recently issued reports on the company. Barclays raised their price objective on TMX Group from C$58.00 to C$59.00 in a research report on Thursday, July 9th. National Bank Financial upped their target price on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada increased their target price on shares of TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Scotia lifted their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets boosted their price target on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th.

TMX Group Trading Up 2.3%

X opened at C$50.68 on Thursday. TMX Group has a one year low of C$44.10 and a one year high of C$57.98. The stock has a market capitalization of C$13.99 billion, a PE ratio of 26.53, a P/E/G ratio of 12.65 and a beta of -0.16. The business’s 50 day moving average price is C$50.26 and its 200 day moving average price is C$49.96. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 22nd. TMX Group’s dividend payout ratio (DPR) is 46.07%.

Insider Transactions at TMX Group

In other news, insider John Mckenzie bought 35,860 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of C$55.84 per share, with a total value of C$2,002,422.40. Following the completion of the transaction, the insider directly owned 136,634 shares in the company, valued at C$7,629,642.56. This trade represents a 35.58% increase in their ownership of the stock. 1.15% of the stock is currently owned by insiders.

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.