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

TMX Group Limited (TSE:X) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$64.92.

A number of research firms have recently weighed in on X. Royal Bank Of Canada raised their price target on shares of TMX Group from C$65.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Barclays raised their price target on shares of 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. Scotia raised 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 report on Wednesday, May 6th. BMO Capital Markets raised 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 report on Wednesday, May 6th. Finally, National Bank Financial raised their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a report on Tuesday, May 5th.

TMX Group Stock Up 0.7%

TMX Group stock opened at C$50.48 on Friday. The company has a market capitalization of C$13.94 billion, a P/E ratio of 26.43, a P/E/G ratio of 12.65 and a beta of -0.20. The firm’s fifty day simple moving average is C$52.44 and its 200-day simple moving average is C$50.54. The company has a current ratio of 2.35, a quick ratio of 0.01 and a debt-to-equity ratio of 44.08. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$57.98.

TMX Group Dividend Announcement

The company 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 Buying and Selling

In related news, insider John Mckenzie sold 69,970 shares of TMX Group stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$54.71, for a total value of C$3,828,058.70. Following the transaction, the insider owned 100,774 shares in the company, valued at C$5,513,345.54. This trade represents a 40.98% decrease in their position. 1.15% of the stock is owned by company 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.