CMC Markets (LON:CMCX) Upgraded at Shore Capital

CMC Markets (LON:CMCX) was upgraded by investment analysts at Shore Capital to a “buy” rating in a note issued to investors on Thursday,London Stock Exchange reports. The firm currently has a GBX 330 price target on the stock, up from their prior price target of GBX 280. Shore Capital’s target price indicates a potential upside of 24.66% from the stock’s previous close.

Separately, Panmure Gordon lifted their price target on shares of CMC Markets from GBX 240 to GBX 260 and gave the company a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 295.

CMC Markets Trading Up 27.6%

LON CMCX traded up GBX 57.21 during trading hours on Thursday, hitting GBX 264.71. 6,729,126 shares of the company’s stock were exchanged, compared to its average volume of 638,455. The business’s 50 day moving average is GBX 218.70 and its 200-day moving average is GBX 236.09. 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 has a 12-month low of GBX 183.40 and a 12-month high of GBX 349. The firm has a market capitalization of £721.31 million, a P/E ratio of 11.71 and a beta of 0.51.

CMC Markets (LON:CMCX) last announced its quarterly earnings data on Thursday, November 20th. The company reported GBX 13.30 earnings per share for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. As a group, analysts anticipate that CMC Markets will post 20.9884902 EPS for the current fiscal year.

Insider Activity

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

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.