TMX Group (TSE:X) Hits New 52-Week High - Is It Time to Buy?

TMX Group Limited (TSE:X) reached a new 52-week high on Tuesday, hitting a price of C$51.55 during trading. The last recorded price was C$51.45 with a trading volume of 201,414 shares, following a previous close of C$50.83.

Wall Street Analysts Predict Growth

Multiple research firms have recently provided their insights on TMX Group. Barclays raised its price target from C$45.00 to C$47.00 in a report released on December 9th. Similarly, TD Securities increased their target from C$44.00 to C$45.00 and assigned a "hold" rating on January 30th. BMO Capital Markets made a significant adjustment to their price objective, increasing it from C$50.00 to C$62.00 in a report dated December 5th. Currently, four equity research analysts have given the stock a "hold" rating, while three analysts recommend it as a "buy". According to MarketBeat.com, the consensus rating stands at "Hold," with an average price target of C$47.19.

TMX Group Stock Performance

The company's stock has a 50-day moving average of C$46.86, while the 200-day moving average is C$44.59. TMX Group boasts a market capitalization of C$14.21 billion, a price-to-earnings (P/E) ratio of 29.49, and a price-to-earnings-growth (PEG) ratio of 12.65. The stock's beta is recorded at 0.43, meaning it is less volatile than the broader market. The company's debt-to-equity ratio stands at 47.49, with a quick ratio of 0.01 and a current ratio of 1.01.

TMX Group Raises Dividend

Recently, TMX Group announced a quarterly dividend of $0.20 per share, set to be paid on March 7th. Shareholders on record by that date will receive this dividend. The ex-dividend date is scheduled for February 21st. This marks an increase from the previous dividend of $0.19, resulting in an annualized dividend of $0.80, which yields 1.57%. The company's dividend payout ratio is currently at 42.72%.

Insider Activity

In related news, Senior Officer Jayakumar Rajarathinam sold 40,000 shares of the company's stock in a transaction on February 5th. The shares were sold at an average price of C$49.49, totaling approximately C$1,979,776. Currently, insiders own about 1.15% of the company's shares.

About TMX Group

TMX Group Ltd operates multiple global markets providing investment opportunities. Key operations include the Toronto Stock Exchange, TSX Venture Exchange, and several other exchanges and services that cater to the financial community.

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This article was generated using advanced technology to provide accurate financial news.

Is TMX Group a Good Investment Now?

Before deciding to invest in TMX Group, consider that although analysts have rated it as a "Hold," top analysts suggest that there may be better investment opportunities present.

TMX, Stock, Dividend