CMC Markets Plc (LON:CMCX) Earns “Neutral” Rating from Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) restated their neutral rating on shares of CMC Markets Plc (LON:CMCX) in a report issued on Friday, June 30th. They currently have a GBX 140 ($1.83) target price on the stock.
Several other analysts have also issued reports on the company. Morgan Stanley reiterated an equal weight rating and set a GBX 140 ($1.83) target price on shares of CMC Markets Plc in a report on Thursday, April 13th. Numis Securities Ltd reiterated a sell rating and set a GBX 95 ($1.24) target price on shares of CMC Markets Plc in a report on Wednesday, March 8th. Finally, Shore Capital lowered CMC Markets Plc to a hold rating in a report on Monday, June 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 173.75 ($2.27).
CMC Markets Plc (CMCX) traded down 0.17% during trading on Friday, reaching GBX 147.50. The company had a trading volume of 220,096 shares. CMC Markets Plc has a 12 month low of GBX 90.95 and a 12 month high of GBX 293.60. The stock has a 50 day moving average of GBX 143.76 and a 200-day moving average of GBX 127.11. The company’s market capitalization is GBX 424.05 million.
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The company also recently announced a dividend, which will be paid on Friday, August 25th. Stockholders of record on Thursday, August 3rd will be given a GBX 5.95 ($0.08) dividend. This is an increase from CMC Markets Plc’s previous dividend of $2.98. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 4.43%.
In other news, insider Grant Foley bought 242 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were bought at an average price of GBX 124 ($1.62) per share, with a total value of £300.08 ($391.85). Also, insider David Fineberg bought 206 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was purchased at an average cost of GBX 146 ($1.91) per share, for a total transaction of £300.76 ($392.74). Insiders bought 682 shares of company stock worth $90,036 in the last ninety days.
CMC Markets Plc Company Profile
CMC Markets plc is a holding company. The Company is a provider of online and mobile trading servicing both retail and institutional clients. The Company enables clients to trade over 10,000 financial instruments, including indices, commodities, foreign exchange (FX) and equities through its trading platform.
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