TMX Group Limited (TSE:X) Receives C$59.81 Consensus Target Price from Brokerages

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.

Shares of TMX Group Limited (TSE:X - Get Free Report) have received a consensus recommendation of "Hold" from the seven ratings firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$59.81.

A number of brokerages have recently issued reports on X. Raymond James Financial boosted their price objective on shares of TMX Group from C$59.00 to C$62.50 and gave the company an "outperform" rating in a research report on Friday, August 1st. National Bankshares boosted their price objective on shares of TMX Group from C$58.00 to C$59.00 and gave the company a "sector perform" rating in a research report on Monday, August 4th. Barclays boosted their price objective on shares of TMX Group from C$56.00 to C$58.00 in a research 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 company a "hold" rating in a research report on Tuesday, August 5th. Finally, BMO Capital Markets boosted their price objective on shares of TMX Group from C$57.00 to C$61.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th.

TMX Group Stock Performance

TSE:X traded down C$0.43 during trading hours on Tuesday, reaching C$53.90. The company had a trading volume of 328,360 shares, compared to its average volume of 489,994. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. TMX Group has a 52 week low of C$42.00 and a 52 week high of C$57.98. The firm has a market cap of C$14.99 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 12.65 and a beta of 0.10. The firm's 50 day moving average price is C$55.79 and its 200-day moving average price is C$54.34.

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 issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.88 annualized dividend and a yield of 1.6%. This is an increase from TMX Group's previous quarterly dividend of $0.20. TMX Group's payout ratio is currently 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.