TMX Group (TSE:X) Hits New 12-Month High – What’s Next?

TMX Group Limited (TSE:X)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$53.56 and last traded at C$53.51, with a volume of 37296 shares trading hands. The stock had previously closed at C$52.55.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays raised their target price on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. TD Securities boosted their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$47.19.

TMX Group Trading Down 2.8 %

The stock’s 50 day simple moving average is C$50.31 and its 200 day simple moving average is C$46.11. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The firm has a market cap of C$14.30 billion, a PE ratio of 29.68, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.56%. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s payout ratio is 42.72%.

Insider Activity

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. Corporate insiders own 1.15% of the company’s stock.

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.