CMC Markets (LON:CMCX) Hits New 12-Month High at $133.00
CMC Markets Plc (LON:CMCX) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 133 ($1.74) and last traded at GBX 129.60 ($1.69), with a volume of 58508 shares traded. The stock had previously closed at GBX 127 ($1.66).
Several research analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of CMC Markets from GBX 120 ($1.57) to GBX 125 ($1.63) and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Shore Capital restated a “buy” rating and issued a GBX 130 ($1.70) target price on shares of CMC Markets in a research report on Thursday, October 3rd. Finally, Peel Hunt restated a “buy” rating on shares of CMC Markets in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 108 ($1.41).
The firm’s fifty day moving average price is GBX 106.34 and its 200-day moving average price is GBX 91.77. The company has a debt-to-equity ratio of 3.24, a current ratio of 2.46 and a quick ratio of 2.34. The firm has a market capitalization of $374.09 million and a P/E ratio of 64.80.
About CMC Markets (LON:CMCX)
CMC Markets plc and its subsidiaries provide online retail financial services in the United Kingdom and internationally. It operates in three segments: UK and Ireland, Europe, and Australia, New Zealand and Singapore (APAC) and Canada. The company provides its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries through its trading platform.
Further Reading: How do CD ladders protect against rising interest rates?
Receive News & Ratings for CMC Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMC Markets and related companies with MarketBeat.com's FREE daily email newsletter.