TMX Group (TSE:X) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of TMX Group Limited (TSE:X) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$45.21 and traded as high as C$51.06. TMX Group shares last traded at C$50.50, with a volume of 342,130 shares trading hands.

Analysts Set New Price Targets

X has been the subject of several recent analyst reports. Barclays boosted their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities boosted their target price 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. Finally, BMO Capital Markets raised their price target on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$47.19.

TMX Group Stock Up 1.1 %

The company’s 50 day simple moving average is C$48.30 and its 200-day simple moving average is C$45.27. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The firm has a market cap of C$14.21 billion, a P/E ratio of 29.50, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, February 21st. This is a boost from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio is 42.72%.

Insider Buying and Selling at TMX Group

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