TMX Group Limited (TSE:X - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$47.46 and traded as high as C$55.68. TMX Group shares last traded at C$54.83, with a volume of 601,567 shares trading hands.
Analyst Ratings Changes
X has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Barclays boosted their price target on TMX Group from C$53.00 to C$55.00 in a research report on Tuesday, April 8th. 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. CIBC raised 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. Finally, TD Securities upped their price target 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.
Read Our Latest Analysis on X
TMX Group Price Performance
The company's 50-day moving average is C$51.56 and its 200-day moving average is C$47.46. The firm has a market cap of C$15.25 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49.
TMX Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were paid a dividend of $0.20 per share. This is an increase from TMX Group's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.46%. TMX Group's payout ratio is presently 42.72%.
Insider Buying and Selling
In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. 1.15% of the stock is owned by corporate insiders.
About TMX Group
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider TMX Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TMX Group wasn't on the list.
While TMX Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
