TMX Group (TSE:X) Hits New 12-Month High – Time to Buy?

TMX Group Limited (TSE:X) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$52.91 and last traded at C$52.61, with a volume of 74476 shares changing hands. The stock had previously closed at C$52.20.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on X shares. TD Securities lifted their target price on TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Finally, Barclays upped their price objective on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and two have issued 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 0.6 %

The firm has a market cap of C$14.60 billion, a PE ratio of 30.31, a P/E/G 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 firm’s 50 day moving average is C$49.63 and its 200-day moving average is C$45.81.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were paid a $0.20 dividend. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, February 21st. TMX Group’s dividend payout ratio is presently 42.72%.

Insiders Place Their Bets

In related 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 transaction of C$1,979,776.00. 1.15% of the stock is owned by corporate insiders.

About TMX Group

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.