TMX Group Limited (TSE:X - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday after CIBC raised their price target on the stock from C$55.00 to C$57.00. CIBC currently has a neutral rating on the stock. TMX Group traded as high as C$54.26 and last traded at C$54.18, with a volume of 247080 shares changing hands. The stock had previously closed at C$53.35.
Other analysts also recently issued reports about the company. Barclays raised their price target on TMX Group from C$53.00 to C$55.00 in a research report on Tuesday, April 8th. TD Securities lifted their target price on TMX Group from C$44.00 to C$45.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, TMX Group has an average rating of "Hold" and an average price target of C$49.64.
Check Out Our Latest Report on TMX Group
Insider Buying and Selling
In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. 1.15% of the stock is currently owned by company insiders.
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 stock has a market capitalization of C$15.08 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm's fifty day moving average price is C$51.08 and its 200 day moving average price is C$47.02.
TMX Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were paid a $0.20 dividend. This is a boost from TMX Group's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, February 21st. TMX Group's dividend payout ratio (DPR) is presently 42.72%.
TMX Group Company Profile
(
Get Free Report)
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.
Further Reading
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