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

TMX Group Limited (TSE:X) 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.

Wall Street Analysts Forecast Growth

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

TMX Group Stock Up 0.5 %

The company has a market capitalization of C$14.52 billion, a P/E ratio of 30.13, a PEG ratio of 12.65 and a beta of 0.43. The company has a 50 day simple moving average of C$49.48 and a two-hundred day simple moving average of C$45.72. 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 business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, March 7th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 1.53%. TMX Group’s dividend payout ratio (DPR) is currently 42.72%.

Insiders Place Their Bets

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was 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.

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.