TMX Group (TSE:X) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

TMX Group Limited (TSE:X)’s share price 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 trading hands.

Wall Street Analysts Forecast Growth

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

TMX Group Stock Up 0.5 %

The company’s fifty day moving average is C$49.48 and its 200-day moving average is C$45.72. The company has a market cap of C$14.52 billion, a PE ratio of 30.13, a PEG 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.

TMX Group Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.53%. TMX Group’s dividend payout ratio (DPR) is presently 42.72%.

Insiders Place Their Bets

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of TMX Group stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$49.49, for a total transaction of C$1,979,776.00. Insiders own 1.15% of the company’s stock.

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.