TMX Group Limited (TSE:X - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as C$50.99 and last traded at C$50.56, with a volume of 83822 shares changing hands. The stock had previously closed at C$50.86.
Analysts Set New Price Targets
X has been the topic of several recent research reports. TD Securities lifted 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. Barclays lifted their target price on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. National Bankshares boosted their price objective on TMX Group from C$43.00 to C$44.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. CIBC boosted their price objective on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets boosted their price objective on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, TMX Group currently has a consensus rating of "Hold" and an average price target of C$47.19.
Check Out Our Latest Stock Report on X
TMX Group Trading Up 0.6 %
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 firm has a fifty day moving average price of C$46.18 and a 200-day moving average price of C$44.26. The company has a market capitalization of C$14.06 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.
TMX Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, March 7th will be paid a $0.20 dividend. This is an increase from TMX Group's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 annualized dividend and a yield of 1.58%. TMX Group's dividend payout ratio is presently 42.72%.
Insiders Place Their Bets
In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$49.49, for a total value of C$1,979,776.00. Company insiders own 1.15% of the company's stock.
About TMX Group
(
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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.
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