TMX Group (TSE:X) Hits New 12-Month High - Still a Buy?

TMX Group Limited (TSE:X - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$51.00 and last traded at C$50.53, with a volume of 113852 shares trading hands. The stock had previously closed at C$50.88.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on X. BMO Capital Markets boosted their price objective on TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. TD Securities upped their price target on TMX Group from C$44.00 to C$45.00 and gave the company a "hold" rating in a research report on Thursday, January 30th. Finally, Barclays lifted their price objective on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, TMX Group has an average rating of "Hold" and a consensus target price of C$47.19.

TMX Group Trading Up 2.3 %

The stock has a market capitalization of C$14.30 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. 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 company has a fifty day simple moving average of C$46.73 and a two-hundred day simple moving average of C$44.55.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, March 7th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.56%. This is an increase from TMX Group's previous quarterly dividend of $0.19. TMX Group's dividend payout ratio is 42.72%.

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Insider Buying and Selling at TMX Group

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business's stock in a transaction that occurred on 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. Company insiders own 1.15% of the company's stock.

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.