TMX Group (TSE:X) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

TMX Group Limited (TSE:X)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$49.95 and traded as high as C$50.68. TMX Group shares last traded at C$50.25, with a volume of 529,120 shares.

Analyst Ratings Changes

X has been the subject of several analyst reports. Raymond James Financial lifted their price objective on TMX Group from C$61.50 to C$65.25 and gave the company a “strong-buy” rating in a report on Friday, June 12th. BMO Capital Markets increased their target price on TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. National Bank Financial raised their price target on TMX Group from C$63.00 to C$64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Canaccord Genuity Group increased their price objective on shares of TMX Group from C$63.00 to C$64.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Barclays raised their target price on shares of TMX Group from C$58.00 to C$59.00 in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$65.47.

TMX Group Stock Down 0.8%

The firm has a 50 day simple moving average of C$50.15 and a two-hundred day simple moving average of C$49.95. The company has a quick ratio of 0.01, a current ratio of 2.35 and a debt-to-equity ratio of 44.08. The stock has a market capitalization of C$13.88 billion, a P/E ratio of 26.31, a PEG ratio of 12.65 and a beta of -0.16.

TMX Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, June 5th were paid a $0.24 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.9%. TMX Group’s dividend payout ratio (DPR) is presently 46.07%.

Insider Activity at TMX Group

In related news, insider John Mckenzie sold 69,970 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the completion of the sale, the insider directly owned 100,774 shares in the company, valued at C$5,513,345.54. This represents a 40.98% decrease in their position. Company insiders own 1.15% of the company’s stock.

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.