CMC Markets (CMCX) Rating Reiterated by Peel Hunt
Several other equities analysts have also issued reports on the company. Shore Capital cut their price target on CMC Markets from GBX 230 ($3.01) to GBX 200 ($2.61) and set a buy rating on the stock in a research note on Thursday. Goldman Sachs Group cut their price target on CMC Markets from GBX 175 ($2.29) to GBX 140 ($1.83) and set a neutral rating on the stock in a research note on Tuesday, November 20th. Morgan Stanley cut their price target on CMC Markets from GBX 197 ($2.57) to GBX 145 ($1.89) and set an equal weight rating on the stock in a research note on Thursday, September 27th. Finally, Numis Securities raised CMC Markets to a hold rating and set a GBX 145 ($1.89) price target on the stock in a research note on Wednesday, September 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 166.67 ($2.18).
Shares of CMCX opened at GBX 115.60 ($1.51) on Thursday. CMC Markets has a 12-month low of GBX 109.50 ($1.43) and a 12-month high of GBX 186.25 ($2.43).
The company also recently declared a dividend, which will be paid on Friday, December 21st. Stockholders of record on Thursday, November 29th will be paid a dividend of GBX 1.35 ($0.02) per share. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, November 29th.
In related news, insider David Fineberg bought 178 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were purchased at an average price of GBX 168 ($2.20) per share, with a total value of £299.04 ($390.75).
CMC Markets Company Profile
CMC Markets plc and its subsidiaries provide online retail financial services in the United Kingdom and internationally. It operates in three segments: UK and Ireland, Europe, and Australia, New Zealand and Singapore (APAC) and Canada. The company provides its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries through its trading platform.
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