CMC Markets (LON:CMCX) Rating Increased to Buy at Shore Capital

CMC Markets (LON:CMCX) was upgraded by analysts at Shore Capital to a “buy” rating in a report issued on Thursday,London Stock Exchange reports. The firm presently has a GBX 330 target price on the stock, up from their previous target price of GBX 280. Shore Capital’s price objective would indicate a potential upside of 24.66% from the company’s previous close.

Separately, Panmure Gordon boosted their price target on CMC Markets from GBX 240 to GBX 260 and gave the stock a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 295.

CMC Markets Price Performance

CMC Markets stock traded up GBX 57.21 during midday trading on Thursday, reaching GBX 264.71. The company’s stock had a trading volume of 6,729,126 shares, compared to its average volume of 638,455. The firm has a market capitalization of £721.31 million, a PE ratio of 11.71 and a beta of 0.51. CMC Markets has a fifty-two week low of GBX 183.40 and a fifty-two week high of GBX 349. The stock’s 50 day simple moving average is GBX 218.70 and its 200 day simple moving average is GBX 236.09. The company has a debt-to-equity ratio of 4.19, a quick ratio of 2.47 and a current ratio of 2.18.

CMC Markets (LON:CMCX) last announced its quarterly earnings data on Thursday, November 20th. The company reported GBX 13.30 EPS for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. On average, equities research analysts forecast that CMC Markets will post 20.9884902 earnings per share for the current year.

Insider Activity

In related news, insider David Fineberg acquired 134 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average price of GBX 225 per share, with a total value of £301.50. 64.11% of the stock is owned by corporate insiders.

CMC Markets Company Profile

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.