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

TMX Group Limited (TSE:X)’s share price hit 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 changing hands. The stock had previously closed at C$52.55.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Securities lifted their price target on shares of 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 lifted their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Finally, BMO Capital Markets upped their target price on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$47.19.

TMX Group Stock Performance

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 capitalization of C$14.75 billion, a PE ratio of 30.62, a PEG ratio of 12.65 and a beta of 0.43. The stock’s 50 day moving average price is C$50.06 and its two-hundred day moving average price is C$45.99.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were given a dividend of $0.20 per share. This is an increase from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.51%. TMX Group’s dividend payout ratio (DPR) is presently 42.72%.

Insider Transactions 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. 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.