TMX Group (TSE:X) Reaches New 52-Week High - What's Next?

TMX Group Limited (TSE:X - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$53.56 and last traded at C$53.51, with a volume of 37296 shares traded. The stock had previously closed at C$52.55.

Analysts Set New Price Targets

X has been the subject of a number of research reports. Barclays upped their target price on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. TD Securities boosted their price target on 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$47.19.

TMX Group Stock Performance

The stock's 50-day moving average is C$50.37 and its 200 day moving average is C$46.14. The stock has a market cap of C$13.34 billion, a price-to-earnings ratio of 27.68, a P/E/G 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were issued 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 1.67%. The ex-dividend date was Friday, February 21st. TMX Group's dividend payout ratio (DPR) is currently 42.72%.

Insider Buying and Selling

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group 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. 1.15% of the stock is currently owned by corporate insiders.

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.