TMX Group (TSE:X) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

TMX Group Limited (TSE:X - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Upgrades and Downgrades

Several brokerages have recently weighed in on X. BMO Capital Markets boosted their price objective on shares of TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Canaccord Genuity Group lifted their price target on shares of TMX Group from C$52.00 to C$58.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Scotiabank raised their price objective on TMX Group from C$56.00 to C$58.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. CIBC boosted their target price on TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, National Bankshares lifted their price target on TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. 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, TMX Group presently has an average rating of "Hold" and an average target price of C$55.13.

TMX Group Price Performance

The business has a 50-day simple moving average of C$52.89 and a two-hundred day simple moving average of C$48.78. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The stock has a market capitalization of C$15.60 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 12.65 and a beta of 0.43.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, June 6th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, May 23rd. TMX Group's dividend payout ratio (DPR) 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.