Analysts Set TMX Group Limited (TSE:X) PT at C$61.06

Shares of TMX Group Limited (TSE:X) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$61.06.

X has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a C$66.00 target price on shares of TMX Group and gave the company a “moderate buy” rating in a research note on Wednesday, October 1st. Barclays lowered their target price on shares of TMX Group from C$60.00 to C$58.00 and set an “equal weight” rating on the stock in a research note on Wednesday. National Bankshares raised their target price on shares of TMX Group from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Monday, August 4th. TD Securities raised their target price on shares of TMX Group from C$57.00 to C$58.00 and gave the company a “hold” rating in a research note on Tuesday, August 5th. Finally, Scotiabank raised shares of TMX Group from a “hold” rating to an “outperform” rating and raised their target price for the company from C$65.00 to C$70.00 in a research note on Wednesday, September 17th.

TMX Group Trading Down 0.3%

Shares of X opened at C$51.20 on Friday. The firm’s 50 day simple moving average is C$54.48 and its 200 day simple moving average is C$54.52. The company has a market capitalization of C$14.24 billion, a P/E ratio of 33.91, a P/E/G ratio of 12.65 and a beta of -0.02. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. TMX Group has a 1-year low of C$42.13 and a 1-year high of C$57.98.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 29th were given a dividend of $0.22 per share. The ex-dividend date was Friday, August 15th. This is an increase from TMX Group’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.7%. TMX Group’s dividend payout ratio (DPR) is 51.66%.

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.