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

TMX Group Limited (TSE:X - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$48.49 and traded as high as C$55.44. TMX Group shares last traded at C$55.05, with a volume of 408,548 shares changing hands.

Analyst Ratings Changes

A number of analysts recently weighed in on X shares. National Bankshares increased their price objective on TMX Group from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Scotiabank increased their price target on TMX Group from C$56.00 to C$58.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. TD Securities increased their price target on TMX Group from C$49.00 to C$54.00 and gave the stock a "hold" rating in a report on Wednesday, April 30th. Canaccord Genuity Group increased their price target on 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, BMO Capital Markets increased their price target on TMX Group from C$55.00 to C$57.00 in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$55.13.

TMX Group Price Performance

The business's fifty day simple moving average is C$52.80 and its 200-day simple moving average is C$48.70. 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 firm has a market cap of C$15.80 billion, a P/E ratio of 32.79, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, June 6th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. TMX Group's dividend payout ratio is presently 42.72%.

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.