TMX Group (TSE:X) Sets New 12-Month High - What's Next?

TMX Group Limited (TSE:X - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$57.12 and last traded at C$56.61, with a volume of 235831 shares changing hands. The stock had previously closed at C$55.98.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays increased their target price on TMX Group from C$55.00 to C$56.00 in a research note on Wednesday, May 7th. BMO Capital Markets increased their price target on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Scotiabank boosted their price target on shares of TMX Group from C$56.00 to C$58.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. National Bankshares upped their target price on TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Finally, Raymond James Financial raised TMX Group to a "moderate buy" rating in a research report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, TMX Group presently has a consensus rating of "Hold" and an average price target of C$55.13.

TMX Group Stock Performance

The firm's fifty day simple moving average is C$54.46 and its 200 day simple moving average is C$50.05. The company has a market capitalization of C$15.75 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, June 6th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, May 23rd. TMX Group's dividend payout ratio is currently 42.72%.

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.