TMX Group (TSE:X) Reaches New 1-Year High – Should You Buy?

TMX Group Limited (TSE:X) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$51.00 and last traded at C$50.53, with a volume of 113852 shares traded. The stock had previously closed at C$50.88.

Analysts Set New Price Targets

X has been the topic of a number of research reports. TD Securities boosted their target price on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. CIBC upped their target price on shares of TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Barclays increased their price target on shares of TMX Group from C$45.00 to C$47.00 in a research report on Monday, December 9th. BMO Capital Markets lifted their target price on shares of TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. Finally, National Bankshares raised their price objective on shares of TMX Group from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$47.19.

TMX Group Stock Down 0.3 %

The company has a current ratio of 1.01, a quick ratio of 0.01 and a debt-to-equity ratio of 47.49. The stock has a market capitalization of C$14.11 billion, a P/E ratio of 29.30, a P/E/G ratio of 12.65 and a beta of 0.43. The business has a 50-day moving average price of C$46.31 and a 200 day moving average price of C$44.33.

TMX Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. This is a positive change from TMX Group’s previous quarterly dividend of $0.19. TMX Group’s dividend payout ratio (DPR) is currently 42.72%.

Insider Buying and Selling at TMX Group

In other TMX Group news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the firm’s stock in a transaction dated 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.