TMX Group Ltd (TSE:X)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $105.24 and traded as high as $106.30. TMX Group shares last traded at $104.90, with a volume of 117,016 shares.
A number of analysts have weighed in on the company. National Bank Financial upped their target price on TMX Group from C$114.00 to C$128.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. TD Securities decreased their price objective on TMX Group from C$125.00 to C$120.00 and set a “buy” rating for the company in a report on Monday, November 11th. CIBC increased their price objective on TMX Group from C$115.00 to C$123.00 in a report on Wednesday, October 16th. BMO Capital Markets increased their price objective on TMX Group from C$110.00 to C$115.00 in a report on Thursday, August 8th. Finally, Royal Bank of Canada lowered TMX Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$118.00 to C$119.00 in a report on Monday, October 21st.
The firm has a fifty day moving average price of C$112.68 and a 200 day moving average price of C$105.24. The company has a debt-to-equity ratio of 32.75, a quick ratio of 0.01 and a current ratio of 1.00. The stock has a market cap of $5.89 billion and a PE ratio of 22.08.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, November 21st. This is a positive change from TMX Group’s previous quarterly dividend of $0.62. TMX Group’s dividend payout ratio is currently 51.05%.
TMX Group Company Profile (TSE:X)
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading and Clearing.
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