TMX Group (TSE:X) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of TMX Group Limited (TSE:X) crossed 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on X shares. TD Securities upped 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 upped their price objective on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, Barclays upped their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, TMX Group presently has an average rating of “Hold” and a consensus price target of C$47.19.

TMX Group Stock Up 0.6 %

The firm’s 50-day moving average price is C$49.63 and its 200-day moving average price is C$45.79. The company has a debt-to-equity ratio of 47.49, a current ratio of 1.01 and a quick ratio of 0.01. The company has a market cap of C$14.60 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43.

TMX Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were issued a $0.20 dividend. This is an increase 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 currently 42.72%.

Insiders Place Their Bets

In other 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 value of C$1,979,776.00. 1.15% of the stock is currently 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.