TMX Group (TSE:X) Stock Crosses Above 200-Day Moving Average - Here's Why

TMX Group Limited (TSE:X - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$46.72 and traded as high as C$53.03. TMX Group shares last traded at C$52.51, with a volume of 432,046 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. CIBC boosted their price target on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a research report on Monday. TD Securities upped their target price on shares of 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. Barclays increased their price target on shares of TMX Group from C$53.00 to C$55.00 in a report on Tuesday, April 8th. Finally, BMO Capital Markets upped their price objective on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$49.64.

TMX Group Stock Performance

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 capitalization of C$14.84 billion, a PE ratio of 30.80, a P/E/G ratio of 12.65 and a beta of 0.43. The firm has a fifty day moving average price of C$51.08 and a two-hundred day moving average price of C$47.02.

TMX Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were paid a dividend of $0.20 per share. This is a positive change from TMX Group's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, February 21st. TMX Group's payout ratio is currently 42.72%.

Insider Buying and Selling

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was 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 insiders.

About TMX Group

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.