TMX Group Limited (TSE:X) Stock Has Consensus Target Price of C$65.28 According to Brokerages

TMX Group Limited (TSE:X) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$65.28.

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a research report on Monday, June 15th. National Bank Financial raised shares of TMX Group from a “hold” rating to an “outperform” rating and lowered their price target for the stock from C$65.00 to C$63.00 in a research report on Monday, July 27th. Royal Bank Of Canada lifted their price objective on shares of TMX Group from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Barclays lifted their price objective on shares of TMX Group from C$58.00 to C$59.00 in a research note on Thursday, July 9th. Finally, Raymond James Financial decreased their target price on shares of TMX Group from C$65.25 to C$64.50 and set a “strong-buy” rating on the stock in a research report on Friday, July 31st.

TMX Group Stock Performance

TSE:X opened at C$53.50 on Tuesday. The stock has a market cap of C$14.73 billion, a P/E ratio of 24.65, a PEG ratio of 12.65 and a beta of -0.14. The stock has a 50 day simple moving average of C$52.99 and a 200 day simple moving average of C$51.46. The company has a current ratio of 2.76, a quick ratio of 0.01 and a debt-to-equity ratio of 41.81. TMX Group has a 1-year low of C$44.10 and a 1-year high of C$57.27.

TMX Group (TSE:X) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.62 EPS for the quarter. The firm had revenue of C$487.50 million for the quarter. TMX Group had a return on equity of 3.81% and a net margin of 32.55%. Research analysts anticipate that TMX Group will post 1.7708421 earnings per share for the current year.

TMX Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 28th were given a $0.26 dividend. The ex-dividend date was Friday, August 14th. This is a positive change from TMX Group’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. TMX Group’s dividend payout ratio (DPR) is presently 42.40%.

Insider Activity

In related news, insider Cheryl Graden sold 8,885 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$54.41, for a total transaction of C$483,432.85. Following the sale, the insider owned 32,845 shares of the company’s stock, valued at C$1,787,096.45. This represents a 21.29% decrease in their ownership of the stock. Insiders sold 41,735 shares of company stock valued at $2,268,124 in the last three months. Insiders own 1.15% of the company’s stock.

About TMX Group

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community.