TMX Group (TSE:X) Hits New 1-Year High - Time to Buy?

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on X shares. BMO Capital Markets lifted their price objective on TMX Group from C$55.00 to C$57.00 in a research note on Tuesday, April 15th. Scotiabank lifted their price target on TMX Group from C$56.00 to C$58.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Raymond James raised TMX Group to a "moderate buy" rating in a report on Wednesday, May 28th. National Bankshares raised their target price on shares of TMX Group from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Finally, TD Securities boosted their price target on shares of TMX Group from C$49.00 to C$54.00 and gave the stock a "hold" rating in a research note on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$55.13.

TMX Group Trading Up 1.3%

The firm's 50 day moving average price is C$53.94 and its 200-day moving average price is C$49.83. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The stock has a market cap of C$15.77 billion, a P/E ratio of 32.74, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, June 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. TMX Group's payout ratio is 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.

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