TMX Group (TSE:X) Share Price Crosses Above 200 Day Moving Average – What’s Next?

TMX Group Limited (TSE:X)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$46.72 and traded as high as C$53.03. TMX Group shares last traded at C$52.51, with a volume of 432,046 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on X. Barclays raised their price target on TMX Group from C$53.00 to C$55.00 in a research report on Tuesday, April 8th. TD Securities raised 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 report on Thursday, January 30th. Finally, BMO Capital Markets upped their price target on shares of TMX Group from C$55.00 to C$57.00 in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$47.56.

TMX Group Price Performance

The firm has a fifty day moving average price of C$50.86 and a two-hundred day moving average price of C$46.72. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 47.49. The stock has a market capitalization of C$14.60 billion, a P/E ratio of 30.31, a P/E/G ratio of 12.65 and a beta of 0.43.

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 given a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from TMX Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.52%. TMX Group’s dividend payout ratio is 42.72%.

Insider Transactions at TMX Group

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the 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 transaction of C$1,979,776.00. Company 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.