TMX Group (TSE:X) Share Price Passes Above 200-Day Moving Average - Time to Sell?

TMX Group Limited (TSE:X - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$51.41 and traded as high as C$55.68. TMX Group shares last traded at C$55.22, with a volume of 758,921 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on X. National Bankshares boosted their target price on shares of TMX Group from C$50.00 to C$55.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Barclays boosted their target price on shares of TMX Group from C$56.00 to C$58.00 in a report on Thursday. Canaccord Genuity Group boosted their target price 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. TD Securities boosted their target price on shares of TMX Group from C$49.00 to C$54.00 and gave the stock a "hold" rating in a report on Wednesday, April 30th. Finally, CIBC boosted their target price on shares of TMX Group from C$55.00 to C$57.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$55.38.

TMX Group Trading Down 0.5%

The stock's fifty day moving average price is C$55.70 and its 200 day moving average price is C$51.41. 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$15.36 billion, a P/E ratio of 31.88, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, June 6th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Friday, May 23rd. TMX Group's dividend payout ratio (DPR) 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.