TMX Group Limited (TSE:X) Given Average Rating of “Hold” by Brokerages

TMX Group Limited (TSE:X) has received an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$55.13.

A number of brokerages have commented on X. Barclays boosted their target price on shares of TMX Group from C$55.00 to C$56.00 in a report on Wednesday, May 7th. CIBC boosted their price target on TMX Group from C$55.00 to C$57.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. National Bankshares boosted their price target on TMX Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. TD Securities boosted their price target on TMX Group from C$49.00 to C$54.00 and gave the stock a “hold” rating in a research note on Wednesday, April 30th. Finally, BMO Capital Markets boosted their price target on TMX Group from C$55.00 to C$57.00 in a research note on Tuesday, April 15th.

TMX Group Stock Performance

Shares of TMX Group stock opened at C$56.39 on Thursday. The company has a market capitalization of C$15.68 billion, a PE ratio of 32.55, a P/E/G 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. The company has a 50-day simple moving average of C$55.11 and a two-hundred day simple moving average of C$50.43. TMX Group has a one year low of C$37.51 and a one year high of C$57.35.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, June 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. TMX Group’s dividend payout ratio is currently 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.