TMX Group (TSE:X) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

TMX Group Limited (TSE:X) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$47.46 and traded as high as C$55.68. TMX Group shares last traded at C$54.83, with a volume of 601,567 shares trading hands.

Analyst Ratings Changes

X has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on TMX Group from C$55.00 to C$57.00 in a research report on Tuesday, April 15th. Barclays boosted their price target on TMX Group from C$53.00 to C$55.00 in a research report on Tuesday, April 8th. National Bankshares increased their price objective on TMX Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. CIBC raised their target price on shares of TMX Group from C$55.00 to C$57.00 and gave the company a “neutral” rating in a research note on Monday, April 28th. Finally, TD Securities upped their price target on shares of TMX Group from C$49.00 to C$54.00 and gave the stock a “hold” rating in a research report on Wednesday, April 30th.

TMX Group Price Performance

The company’s 50-day moving average is C$51.56 and its 200-day moving average is C$47.46. The firm has a market cap of C$15.25 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, March 7th were paid a dividend of $0.20 per share. 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 annualized dividend and a yield of 1.46%. TMX Group’s payout ratio is presently 42.72%.

Insider Buying and Selling

In other news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the business’s 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. 1.15% of the stock is owned by corporate 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.