CMC Markets (LON:CMCX) Shares Up 28.9% Following Analyst Upgrade

CMC Markets Plc (LON:CMCX)’s stock price traded up 28.9% during mid-day trading on Thursday after Shore Capital upgraded the stock to a buy rating. Shore Capital now has a GBX 330 price target on the stock, up from their previous price target of GBX 280. CMC Markets traded as high as GBX 271.50 and last traded at GBX 267.50. 12,959,912 shares traded hands during mid-day trading, an increase of 1,846% from the average session volume of 666,025 shares. The stock had previously closed at GBX 207.50.

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

Insider Buying and Selling at CMC Markets

In other news, insider David Fineberg acquired 134 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average price of GBX 225 per share, with a total value of £301.50. Insiders own 64.11% of the company’s stock.

CMC Markets Stock Performance

The firm’s 50 day moving average price is GBX 219.60 and its two-hundred day moving average price is GBX 236.31. The company has a debt-to-equity ratio of 4.19, a quick ratio of 2.47 and a current ratio of 2.18. The firm has a market cap of £728.91 million, a PE ratio of 11.84 and a beta of 0.51.

CMC Markets (LON:CMCX) last released its quarterly earnings results 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, research analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

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.