TMX Group (TSE:X) Hits New 52-Week High – Here’s Why

TMX Group Limited (TSE:X)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$50.99 and last traded at C$50.56, with a volume of 83822 shares traded. The stock had previously closed at C$50.86.

Analyst Upgrades and Downgrades

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

TMX Group Trading Down 1.0 %

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 stock has a market capitalization of C$14.01 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The business’s 50-day moving average is C$45.81 and its two-hundred day moving average is C$44.08.

TMX Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, March 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio is currently 42.72%.

Insider Buying and Selling at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was 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.