TMX Group Limited (TSE:X) Receives Consensus Rating of "Hold" from Analysts

Key Points

• The average rating for TMX Group Limited (TSE:X) is a consensus "Hold" with four firms rating it as such and three issuing a "Buy" rating.
• Recent analyst upgrades have increased the company’s price target, with BMO Capital Markets raising it to C$61.00, while Scotiabank set a target of C$65.00.
• TMX Group has declared a quarterly dividend increase to $0.22 per share, yielding 1.6% annually, up from the previous $0.20 per share.

TMX Group Limited (TSE:X - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$59.81.

X has been the topic of several research reports. BMO Capital Markets boosted their price target on TMX Group from C$57.00 to C$61.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Scotiabank boosted their price target on TMX Group from C$63.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Barclays boosted their price target on TMX Group from C$56.00 to C$58.00 in a report on Thursday, July 10th. TD Securities boosted their price target on TMX Group from C$57.00 to C$58.00 and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Raymond James Financial lifted their price objective on TMX Group from C$59.00 to C$62.50 and gave the stock an "outperform" rating in a research note on Friday, August 1st.

TMX Group Price Performance

TMX Group stock traded down C$0.43 during midday trading on Tuesday, reaching C$53.90. The company's stock had a trading volume of 328,360 shares, compared to its average volume of 489,994. The stock has a market cap of C$14.99 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 12.65 and a beta of 0.10. 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 business has a 50-day moving average price of C$55.79 and a 200-day moving average price of C$54.29. TMX Group has a 52 week low of C$42.00 and a 52 week high of C$57.98.

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 29th were paid a $0.22 dividend. 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 dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. TMX Group's payout ratio is presently 51.66%.

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.