TMX Group (TSE:X) Hits New 1-Year High – What’s Next?

TMX Group Limited (TSE:X)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$52.91 and last traded at C$52.61, with a volume of 74476 shares changing hands. The stock had previously closed at C$52.20.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Barclays increased their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Finally, TD Securities upped their target price 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$47.19.

TMX Group Stock Up 0.6 %

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 business has a 50 day simple moving average of C$49.63 and a 200-day simple moving average of C$45.81. The firm has a market capitalization of C$14.60 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were issued a $0.20 dividend. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, February 21st. TMX Group’s dividend payout ratio is currently 42.72%.

Insider Buying and Selling at TMX Group

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

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.