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

Shares of 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 changed 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 price objective on shares of CMC Markets from GBX 240 to GBX 260 and gave the stock a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 295.

Insider Activity

In other CMC Markets news, insider David Fineberg purchased 134 shares of CMC Markets stock in a transaction on Monday, October 6th. The stock was bought at an average cost of GBX 225 per share, with a total value of £301.50. 64.11% of the stock is currently owned by insiders.

CMC Markets Trading Up 28.9%

The company has a quick ratio of 2.47, a current ratio of 2.18 and a debt-to-equity ratio of 4.19. The company’s 50-day moving average is GBX 218.70 and its 200 day moving average is GBX 236.09. The company has a market cap of £728.91 million, a price-to-earnings ratio of 11.84 and a beta of 0.51.

CMC Markets (LON:CMCX) last issued 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%. Research analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current 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.