TMX Group (TSE:X) Sets New 1-Year High – Time to Buy?

TMX Group Limited (TSE:X)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$48.20 and last traded at C$48.19, with a volume of 56042 shares changing hands. The stock had previously closed at C$45.27.

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Securities lifted 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. Barclays upped their price objective on TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. BMO Capital Markets increased their target price on TMX Group from C$50.00 to C$62.00 in a research note on Thursday, December 5th. CIBC upped their price target on TMX Group from C$43.00 to C$46.00 in a research note on Thursday, October 31st. Finally, National Bankshares increased their price target 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$47.19.

TMX Group Trading Up 7.9 %

The stock has a market cap of C$13.56 billion, a P/E ratio of 33.22, a PEG ratio of 12.65 and a beta of 0.43. The business’s 50 day simple moving average is C$44.43 and its two-hundred day simple moving average is C$43.38. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71.

TMX Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, November 15th. TMX Group’s dividend payout ratio (DPR) is presently 50.34%.

TMX Group Company Profile

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.