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

CMC Markets Plc (LON:CMCX) traded up 28.9% during 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 were traded 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 boosted their price target on shares of CMC Markets from GBX 240 to GBX 260 and gave the stock a “hold” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, CMC Markets has a consensus rating of “Moderate Buy” and a consensus target price of GBX 295.

Insiders Place Their Bets

In other CMC Markets news, insider David Fineberg purchased 134 shares of the stock in a transaction on Monday, October 6th. The shares were purchased 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 Trading Up 28.9%

The stock’s 50 day simple moving average is GBX 218.70 and its 200 day simple moving average is GBX 236.09. The firm has a market cap of £728.91 million, a PE ratio of 11.84 and a beta of 0.51. 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 posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 13.30 earnings per share (EPS) for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. On average, sell-side analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share 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.