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

Shares of TMX Group Limited (TSE:X) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$64.92.

X has been the subject of a number of research analyst reports. Barclays increased their target price on shares of TMX Group from C$52.00 to C$59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Scotia increased their target price on shares of 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. National Bank Financial increased their target price on shares of TMX Group from C$63.00 to C$64.00 and gave the stock 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$65.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets increased their target price on shares of TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th.

TMX Group Stock Up 0.7%

Shares of TSE:X opened at C$50.48 on Friday. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35. The company has a market cap of C$13.94 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 12.65 and a beta of -0.20. TMX Group has a 52 week low of C$44.10 and a 52 week high of C$57.98. The firm has a 50 day simple moving average of C$52.44 and a 200 day simple moving average of C$50.54.

TMX Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, June 5th were given 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 1.9%. TMX Group’s dividend payout ratio is presently 46.07%.

Insider Transactions at TMX Group

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

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.