TMX Group (TSE:X) Reaches New 12-Month High – Here’s What Happened

TMX Group Limited (TSE:X) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$52.27 and last traded at C$52.30, with a volume of 173158 shares. The stock had previously closed at C$51.10.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on X. BMO Capital Markets increased their price objective on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Barclays raised their target price on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Finally, TD Securities raised 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$47.19.

TMX Group Stock Up 2.3 %

The stock has a market cap of C$14.54 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm has a fifty day moving average of C$48.44 and a 200 day moving average of C$45.33. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49.

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 dividend of $0.20 per share. This is an increase from TMX Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.53%. TMX Group’s dividend payout ratio is 42.72%.

Insider Buying and Selling

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group 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. 1.15% of the stock is currently owned by corporate 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.