TMX Group (TSE:X) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

TMX Group Limited (TSE:X) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$50.47 and traded as low as C$47.52. TMX Group shares last traded at C$48.44, with a volume of 1,260,173 shares trading hands.

Analyst Ratings Changes

X has been the subject of several research reports. National Bank Financial raised their target price 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 boosted their price target on shares of TMX Group from C$63.00 to C$64.00 and gave the company a “buy” rating in a report on Monday, June 15th. Raymond James Financial increased their price objective on shares of TMX Group from C$61.50 to C$65.25 and gave the company a “strong-buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada increased their price objective on shares of TMX Group from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, BMO Capital Markets raised their price objective on shares of TMX Group from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$65.47.

TMX Group Stock Up 2.1%

The company has a market capitalization of C$13.38 billion, a price-to-earnings ratio of 25.36, a P/E/G ratio of 12.65 and a beta of -0.20. The business has a fifty day simple moving average of C$52.41 and a two-hundred day simple moving average of C$50.47. The company has a quick ratio of 0.01, a current ratio of 2.35 and a debt-to-equity ratio of 44.08.

TMX Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, May 22nd. TMX Group’s dividend payout ratio (DPR) is 46.07%.

Insider Buying and Selling

In related news, insider John Mckenzie acquired 35,860 shares of the company’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of C$55.84 per share, for a total transaction of C$2,002,422.40. Following the completion of the purchase, the insider directly owned 136,634 shares of the company’s stock, valued at C$7,629,642.56. The trade was a 35.58% increase in their position. 1.15% of the stock is currently owned by corporate 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.