CMC Markets (LON:CMCX) Hits New 12-Month High – Should You Buy?

Shares of CMC Markets Plc (LON:CMCX) hit a new 52-week high on Thursday . The company traded as high as GBX 726 and last traded at GBX 725.96, with a volume of 108903 shares trading hands. The stock had previously closed at GBX 708.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMCX. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 460 price objective on shares of CMC Markets in a research note on Friday, June 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 500 target price on shares of CMC Markets in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 387.50.

CMC Markets Trading Up 2.5%

The stock has a market cap of £2.02 billion, a price-to-earnings ratio of 27.24 and a beta of 0.56. The company has a debt-to-equity ratio of 24.66, a quick ratio of 2.47 and a current ratio of 16.94. The company’s 50 day simple moving average is GBX 461.22 and its two-hundred day simple moving average is GBX 378.08.

CMC Markets (LON:CMCX) last released its earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share (EPS) for the quarter. The company had revenue of £376.76 million during the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. Research analysts expect that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

About CMC Markets

CMC is a leading global provider of online trading and investing, with a comprehensive retail, professional and institutional offering.
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. We are proud of our strong heritage and our successful 30-year track record as an innovator at the forefront of enabling digital trading for our clients.