TMX Group (TSE:X) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

TMX Group Limited (TSE:X - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$45.72 and traded as high as C$52.68. TMX Group shares last traded at C$52.20, with a volume of 745,139 shares trading hands.

Analysts Set New Price Targets

X has been the topic of several research analyst reports. Barclays increased their price objective on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. BMO Capital Markets increased their price target on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Finally, TD Securities raised their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a "hold" rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$47.19.

TMX Group Price Performance

The company has a fifty day simple moving average of C$49.79 and a two-hundred day simple moving average of C$45.86. The stock has a market capitalization of C$14.61 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 12.65 and a beta of 0.43. The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01.

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. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from TMX Group's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.52%. TMX Group's dividend payout ratio is presently 42.72%.

Insider Transactions at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm's stock in a transaction that occurred 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. 1.15% of the stock is 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.