CMC Markets (CMCX) Rating Reiterated by Peel Hunt
CMC Markets (LON:CMCX)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a report released on Tuesday. They presently have a GBX 200 ($2.61) target price on the stock, down from their previous target price of GBX 230 ($3.00). Peel Hunt’s price target indicates a potential upside of 38.68% from the company’s previous close.
A number of other brokerages also recently weighed in on CMCX. Numis Securities raised shares of CMC Markets to a “reduce” rating and upped their price target for the stock from GBX 125 ($1.63) to GBX 170 ($2.21) in a report on Tuesday, July 24th. Shore Capital raised shares of CMC Markets to a “buy” rating in a report on Thursday, June 7th. Finally, Morgan Stanley downgraded shares of CMC Markets to an “equal weight” rating and upped their price target for the stock from GBX 188 ($2.45) to GBX 197 ($2.57) in a report on Tuesday, June 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. CMC Markets presently has an average rating of “Buy” and an average target price of GBX 165 ($2.15).
Shares of CMC Markets stock opened at GBX 144.22 ($1.88) on Tuesday. CMC Markets has a 1-year low of GBX 109.50 ($1.43) and a 1-year high of GBX 186.25 ($2.43). The company has a market cap of $454.32 million and a PE ratio of 995.29.
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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