CMC Markets Plc (LON:CMCX – Get Free Report) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 695.50 and traded as high as GBX 709. CMC Markets shares last traded at GBX 708, with a volume of 229,828 shares.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada lifted their target price on CMC Markets from GBX 460 to GBX 760 and gave the stock an “outperform” rating in a report on Monday, August 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CMC Markets has an average rating of “Moderate Buy” and a consensus target price of GBX 462.50.
Read Our Latest Stock Analysis on CMC Markets
CMC Markets Trading Down 0.1%
The firm has a market cap of £1.91 billion, a price-to-earnings ratio of 25.71 and a beta of 0.62. The firm’s 50-day moving average is GBX 695.50 and its 200-day moving average is GBX 525.88. The company has a current ratio of 16.94, a quick ratio of 2.47 and a debt-to-equity ratio of 24.66.
Insider Activity at CMC Markets
In other CMC Markets news, insider Peter Cruddas bought 8,378 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average price of GBX 690 per share, for a total transaction of £57,808.20. Insiders have bought 586,389 shares of company stock worth $384,094,464 over the last ninety days. Insiders own 65.10% of the company’s stock.
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.
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