TMX Group Limited (TSE:X) Given Consensus Recommendation of “Buy” by Brokerages

Shares of TMX Group Limited (TSE:XGet Rating) have been given an average rating of “Buy” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$149.75.

X has been the topic of a number of analyst reports. TD Securities lifted their price target on TMX Group from C$155.00 to C$160.00 and gave the stock a “buy” rating in a research note on Wednesday, May 4th. Scotiabank lifted their price objective on TMX Group from C$148.00 to C$152.00 in a research report on Wednesday, May 4th. BMO Capital Markets lifted their price objective on TMX Group from C$150.00 to C$151.00 in a research report on Wednesday, May 4th. National Bank Financial cut their price objective on TMX Group to C$139.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on TMX Group from C$148.00 to C$150.00 in a research report on Thursday, May 19th.

TMX Group stock traded up C$0.15 during trading hours on Friday, reaching C$137.03. The company had a trading volume of 60,545 shares, compared to its average volume of 136,829. The company has a debt-to-equity ratio of 27.59, a current ratio of 1.01 and a quick ratio of 0.01. The company has a 50-day moving average price of C$131.32 and a 200 day moving average price of C$129.52. The firm has a market cap of C$7.67 billion and a price-to-earnings ratio of 15.16. TMX Group has a 12-month low of C$121.42 and a 12-month high of C$145.69.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Friday, June 3rd will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Thursday, May 19th. TMX Group’s dividend payout ratio (DPR) is presently 34.77%.

In related news, Senior Officer Jayakumar Rajarathinam sold 21,118 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of C$132.82, for a total transaction of C$2,804,825.18.

TMX Group Company Profile (Get Rating)

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.

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Analyst Recommendations for TMX Group (TSE:X)

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