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

TMX Group Limited (TSE:X) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat reports. Three investment 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is C$65.47.

Several research firms have recently commented on X. Scotia raised their price target on TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Barclays lifted their target price on TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Royal Bank Of Canada lifted their target price on TMX Group from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Raymond James Financial lifted their target price on TMX Group from C$61.50 to C$65.25 and gave the company a “strong-buy” rating in a report on Friday, June 12th. Finally, BMO Capital Markets lifted their target price on TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th.

TMX Group Trading Down 3.1%

X opened at C$47.44 on Friday. TMX Group has a 52 week low of C$44.10 and a 52 week high of C$57.98. The business has a fifty day simple moving average of C$52.46 and a 200-day simple moving average of C$50.49. The firm has a market cap of C$13.10 billion, a P/E ratio of 24.84, a P/E/G ratio of 12.65 and a beta of -0.20. The company has a quick ratio of 0.01, a current ratio of 2.35 and a debt-to-equity ratio of 44.08.

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. The ex-dividend date was Friday, May 22nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.0%. TMX Group’s dividend payout ratio (DPR) is 46.07%.

Insider Transactions at TMX Group

In other TMX Group news, insider John Mckenzie sold 69,970 shares of TMX Group stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the completion of the sale, the insider directly owned 100,774 shares of the company’s stock, valued at C$5,513,345.54. The trade was a 40.98% decrease in their position. Company insiders own 1.15% of the company’s stock.

TMX Group Company Profile

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.