Analysts Set TMX Group Limited (TSE:X) PT at C$55.13

TMX Group Limited (TSE:X - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$55.13.

X has been the subject of a number of recent research reports. Barclays boosted their target price on TMX Group from C$55.00 to C$56.00 in a research report on Wednesday, May 7th. CIBC boosted their target price on TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. BMO Capital Markets boosted their target price on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. TD Securities boosted their target price on TMX Group from C$49.00 to C$54.00 and gave the stock a "hold" rating in a research report on Wednesday, April 30th. Finally, National Bankshares boosted their target price on TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th.

TMX Group Price Performance

Shares of X traded down C$0.23 during trading hours on Thursday, reaching C$56.64. 353,632 shares of the company's stock traded hands, compared to its average volume of 508,737. The stock has a market cap of C$15.75 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The firm's 50 day simple moving average is C$55.33 and its 200-day simple moving average is C$50.69. TMX Group has a 12 month low of C$37.68 and a 12 month high of C$57.35.

TMX Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, June 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. TMX Group's dividend payout ratio (DPR) is currently 42.72%.

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.