TMX Group (TSE:X) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

TMX Group Limited (TSE:X) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$45.21 and traded as high as C$51.06. TMX Group shares last traded at C$50.50, with a volume of 342,130 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on X shares. BMO Capital Markets upped their target price on shares of TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. TD Securities upped their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Thursday, January 30th. Finally, Barclays upped their target price 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 three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$47.19.

TMX Group Trading Up 0.6 %

The firm has a market capitalization of C$14.04 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The firm’s 50 day moving average is C$48.17 and its 200 day moving average is C$45.21. 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 company 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. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, February 21st. This is an increase from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio is 42.72%.

Insider Activity at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company’s stock in a transaction that occurred 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 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.