TMX Group (TSE:X) Stock Passes Above 200-Day Moving Average - What's Next?

TMX Group Limited (TSE:X - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Analysts Forecast Growth

A number of analysts have recently commented on the stock. Canaccord Genuity Group boosted 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 research report on Wednesday, May 7th. TD Securities boosted their price objective on shares of TMX Group from C$49.00 to C$54.00 and gave the stock a "hold" rating in a research report on Wednesday, April 30th. CIBC boosted their price objective 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, April 28th. Scotiabank boosted 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. Finally, 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$55.38.

TMX Group Trading Up 1.7%

The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The firm has a 50 day simple moving average of C$55.70 and a two-hundred day simple moving average of C$51.50. The firm has a market capitalization of C$15.77 billion, a P/E ratio of 32.74, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, June 6th were issued 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 was Friday, May 23rd. TMX Group's 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.