TMX Group Limited (TSE:X) Receives Average Rating of “Moderate Buy” from Analysts

TMX Group Limited (TSE:X) has been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$64.50.

A number of research analysts have recently commented on the stock. Canaccord Genuity Group dropped their price objective on shares of TMX Group from C$64.00 to C$61.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Raymond James Financial boosted their price objective on shares of TMX Group from C$61.00 to C$61.50 and gave the company a “strong-buy” rating in a research note on Friday, April 17th. National Bank Financial boosted their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 5th. Scotia boosted their price objective on shares of TMX Group from C$70.00 to C$71.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets boosted their price objective on shares of TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th.

TMX Group Price Performance

TMX Group stock opened at C$53.71 on Wednesday. TMX Group has a 12-month low of C$44.10 and a 12-month high of C$57.98. The stock has a market capitalization of C$14.83 billion, a P/E ratio of 28.12, a P/E/G ratio of 12.65 and a beta of -0.34. The firm’s 50-day moving average is C$51.52 and its two-hundred day moving average is C$50.56. The company has a debt-to-equity ratio of 44.08, a current ratio of 2.35 and a quick ratio of 0.01.

TMX Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, June 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd. TMX Group’s payout ratio is currently 46.07%.

Insider Buying and Selling at TMX Group

In other news, insider John Mckenzie sold 69,970 shares of TMX Group stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total value of C$3,828,058.70. Following the transaction, the insider directly owned 100,774 shares of the company’s stock, valued at C$5,513,345.54. The trade was a 40.98% decrease in their position. 1.15% of the stock is owned by corporate insiders.

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.