TMX Group (TSE:X) Hits New 1-Year High - Here's Why

TMX Group Limited (TSE:X - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$56.68 and last traded at C$56.80, with a volume of 286633 shares trading hands. The stock had previously closed at C$54.85.

Wall Street Analysts Forecast Growth

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

TMX Group Price Performance

The company's 50 day moving average price is C$53.12 and its 200 day moving average price is C$48.96. The firm has a market capitalization of C$15.46 billion, a P/E ratio of 32.09, a PEG 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, June 6th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 23rd. TMX Group's dividend payout ratio (DPR) 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.