TMX Group (TSE:X) Sets New 12-Month High – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. National Bankshares increased their price target on shares of TMX Group from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. CIBC upped their price target on shares of TMX Group from C$43.00 to C$46.00 in a report on Thursday, October 31st. TD Securities raised their price target 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 increased their target price on shares of TMX Group from C$45.00 to C$47.00 in a report on Monday, December 9th. Finally, BMO Capital Markets upped their price target on TMX Group from C$50.00 to C$62.00 in a research report on Thursday, December 5th. Four equities 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, TMX Group currently has a consensus rating of “Hold” and a consensus target price of C$47.19.

TMX Group Stock Up 7.9 %

The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 51.71. The stock has a market capitalization of C$13.56 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 12.65 and a beta of 0.43. The company’s fifty day moving average price is C$44.43 and its 200-day moving average price is C$43.38.

TMX Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Friday, November 15th. TMX Group’s payout ratio is 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.