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

TMX Group Limited (TSE:X - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$50.34 and traded as high as C$57.06. TMX Group shares last traded at C$56.58, with a volume of 238,832 shares.

Analysts Set New Price Targets

X has been the subject of several recent research reports. Scotiabank increased their price objective on shares of 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. BMO Capital Markets upped their target price on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Barclays increased their price target on shares of TMX Group from C$55.00 to C$56.00 in a research report on Wednesday, May 7th. Canaccord Genuity Group lifted their price objective on shares of TMX Group from C$52.00 to C$58.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Raymond James Financial upgraded TMX Group to a "moderate buy" rating in a research note on Wednesday, May 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. 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 firm has a market cap of C$15.75 billion, a P/E ratio of 32.70, a PEG ratio of 12.65 and a beta of 0.43. The company has a 50 day moving average of C$55.23 and a two-hundred day moving average of C$50.51. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

TMX Group Dividend Announcement

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