TMX Group (TSE:X) Sets New 1-Year High – Here’s Why

TMX Group Limited (TSE:X) shares reached a new 52-week high on Tuesday . The company traded as high as C$48.20 and last traded at C$48.19, with a volume of 56042 shares changing hands. The stock had previously closed at C$45.27.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on X. BMO Capital Markets upped their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. CIBC increased their price target on TMX Group from C$43.00 to C$46.00 in a research report on Thursday, October 31st. TD Securities boosted their price objective on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. Barclays upped their target price on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Finally, National Bankshares lifted their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$47.19.

TMX Group Price Performance

The company has a debt-to-equity ratio of 51.71, a current ratio of 1.00 and a quick ratio of 0.01. The stock has a market capitalization of C$13.74 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The stock has a 50 day moving average price of C$44.64 and a 200-day moving average price of C$43.49.

TMX Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, November 15th. This represents a $0.76 annualized dividend and a yield of 1.54%. TMX Group’s dividend payout ratio (DPR) is presently 50.34%.

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.