TMX Group (TSE:X) Hits New 12-Month High – Should You Buy?

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of TMX Group from C$50.00 to C$62.00 in a report on Thursday, December 5th. Barclays lifted their price target on shares of TMX Group from C$45.00 to C$47.00 in a research note on Monday, December 9th. Finally, TD Securities upped their price objective on shares of TMX Group from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$47.19.

TMX Group Stock Performance

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 cap of C$14.75 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 12.65 and a beta of 0.43. The stock’s 50 day moving average is C$50.06 and its two-hundred day moving average is C$45.99.

TMX Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders 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 was Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 1.51%. TMX Group’s dividend payout ratio is 42.72%.

Insider Activity at TMX Group

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