TMX Group (TSE:X) Hits New 12-Month High - What's Next?

TMX Group Limited (TSE:X - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$53.56 and last traded at C$53.51, with a volume of 37296 shares changing hands. The stock had previously closed at C$52.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays increased their price target on TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. TD Securities increased their target price on TMX Group from C$44.00 to C$45.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$47.19.

TMX Group Stock Performance

The firm has a fifty day moving average of C$50.31 and a 200-day moving average of C$46.12. 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 firm has a market cap of C$14.30 billion, a P/E ratio of 29.68, a PEG ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, March 7th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, February 21st. This is a positive change from TMX Group's previous quarterly dividend of $0.19. TMX Group's dividend payout ratio (DPR) is 42.72%.

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Insider Buying and Selling

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total value of C$1,979,776.00. 1.15% of the stock is currently owned by insiders.

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.