TMX Group Limited (TSE:X) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• TMX Group Limited has received a consensus rating of "Moderate Buy" from analysts, with three holding and five buying recommendations.
• The average 1-year price target set by brokers for TMX Group's stock is C$61.06, with recent ratings adjustments and price objectives ranging between C$58.00 and C$66.00.
• TMX Group recently increased its quarterly dividend from $0.20 to $0.22, marking a positive change and yielding an annualized dividend of 1.7%.

Shares of TMX Group Limited (TSE:X - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$61.06.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of TMX Group from C$57.00 to C$61.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Barclays boosted their price objective on shares of TMX Group from C$56.00 to C$58.00 in a report on Thursday, July 10th. TD Securities boosted their price objective on shares of TMX Group from C$57.00 to C$58.00 and gave the stock a "hold" rating in a report on Tuesday, August 5th. Royal Bank Of Canada set a C$66.00 price objective on shares of TMX Group and gave the stock a "moderate buy" rating in a report on Wednesday. Finally, National Bankshares boosted their price objective on shares of TMX Group from C$58.00 to C$59.00 and gave the stock a "sector perform" rating in a report on Monday, August 4th.

TMX Group Trading Up 0.8%

Shares of TMX Group stock opened at C$53.21 on Friday. TMX Group has a 1 year low of C$42.10 and a 1 year high of C$57.98. The firm has a market cap of C$14.80 billion, a PE ratio of 35.24, a PEG ratio of 12.65 and a beta of 0.10. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The company has a 50 day simple moving average of C$54.95 and a two-hundred day simple moving average of C$54.53.

TMX Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from TMX Group's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 1.7%. TMX Group's payout ratio is presently 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.

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