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

Shares of TMX Group Limited (TSE:X) hit a new 52-week high on Thursday . The company traded as high as C$53.56 and last traded at C$53.51, with a volume of 37296 shares traded. The stock had previously closed at C$52.55.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on X. Barclays boosted their target price on TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. TD Securities upped their price objective 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. Four investment 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 stock currently has an average rating of “Hold” and a consensus price target of C$47.19.

TMX Group Stock Down 2.8 %

The company has a debt-to-equity ratio of 47.49, a quick ratio of 0.01 and a current ratio of 1.01. The stock’s 50-day moving average price is C$50.31 and its two-hundred day moving average price is C$46.11. The stock has a market capitalization of C$14.30 billion, a PE ratio of 29.68, a P/E/G ratio of 12.65 and a beta of 0.43.

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 dividend on an annualized basis and a dividend yield of 1.56%. TMX Group’s dividend payout ratio (DPR) is currently 42.72%.

Insider Activity at TMX Group

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