Shares of CMC Markets Plc (LON:CMCX) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 130 ($1.69) and last traded at GBX 147.40 ($1.92), with a volume of 3332176 shares. The stock had previously closed at GBX 165.40 ($2.15).

A number of brokerages recently issued reports on CMCX. Morgan Stanley downgraded shares of CMC Markets to an “equal weight” rating and increased their price target for the stock from GBX 188 ($2.45) to GBX 197 ($2.57) in a report on Tuesday, June 19th. Peel Hunt reissued a “buy” rating on shares of CMC Markets in a report on Tuesday, July 10th. Shore Capital raised shares of CMC Markets to a “buy” rating in a report on Thursday, June 7th. Finally, Numis Securities raised shares of CMC Markets to a “reduce” rating and increased their price target for the stock from GBX 125 ($1.63) to GBX 170 ($2.21) in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 191.75 ($2.50).

The firm has a market capitalization of $454.32 million and a PE ratio of 995.29.

In other news, insider David Fineberg purchased 178 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average cost of GBX 168 ($2.19) per share, with a total value of £299.04 ($389.53).

CMC Markets Company Profile (LON:CMCX)

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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