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

TMX Group Limited (TSE:X - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$48.02 and traded as high as C$54.50. TMX Group shares last traded at C$54.37, with a volume of 1,045,585 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on X shares. TD Securities increased their price target on shares of TMX Group from C$49.00 to C$54.00 and gave the company a "hold" rating in a research report on Wednesday, April 30th. CIBC boosted their target price on shares of TMX Group from C$55.00 to C$57.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Barclays raised their price target on shares of TMX Group from C$55.00 to C$56.00 in a research note on Wednesday, May 7th. National Bankshares boosted their price objective on shares of TMX Group from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Finally, Scotiabank raised their target price 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, TMX Group currently has an average rating of "Hold" and an average price target of C$55.13.

TMX Group Trading Up 1.8%

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 cap of C$15.39 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm's 50 day simple moving average is C$52.32 and its two-hundred day simple moving average is C$48.31.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, June 6th will be given a $0.20 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. 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.