TMX Group Limited (TSE:X - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$50.83, with a volume of 303084 shares trading hands. The stock had previously closed at C$51.41.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on X. Barclays lifted their price target on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. TD Securities boosted their price objective 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, BMO Capital Markets increased their target price on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$47.19.
View Our Latest Research Report on X
TMX Group Price Performance
The firm has a market capitalization of C$14.35 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The stock's fifty day moving average price is C$47.28 and its two-hundred day moving average price is C$44.80. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, March 7th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from TMX Group's previous quarterly dividend of $0.19. TMX Group's payout ratio is currently 42.72%.
Insider Transactions at TMX Group
In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the stock in a transaction on 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. Insiders own 1.15% of the company's stock.
TMX Group Company Profile
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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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