CMC Markets Plc (LON:CMCX – Get Free Report)’s stock price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 702.13 and traded as low as GBX 673. CMC Markets shares last traded at GBX 716, with a volume of 1,283,066 shares traded.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on CMCX shares. Royal Bank Of Canada upped their price objective on shares of CMC Markets from GBX 460 to GBX 760 and gave the company an “outperform” rating in a research report on Monday, August 17th. Jefferies Financial Group reissued a “buy” rating and set a GBX 500 target price on shares of CMC Markets in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CMC Markets currently has a consensus rating of “Moderate Buy” and an average price target of GBX 462.50.
Read Our Latest Stock Report on CMCX
CMC Markets Price Performance
The company has a market cap of £1.93 billion, a price-to-earnings ratio of 26.04 and a beta of 0.62. The company has a current ratio of 16.94, a quick ratio of 2.47 and a debt-to-equity ratio of 24.66. The company has a fifty day moving average price of GBX 702.13 and a two-hundred day moving average price of GBX 564.94.
Insider Buying and Selling at CMC Markets
In other CMC Markets news, insider Laurence Booth sold 155,138 shares of CMC Markets stock in a transaction on Friday, July 24th. The shares were sold at an average price of GBX 713, for a total transaction of £1,106,133.94. Also, insider Peter Cruddas purchased 525,000 shares of the stock in a transaction on Monday, October 5th. The stock was acquired at an average cost of GBX 655 per share, for a total transaction of £3,438,750. Over the last ninety days, insiders purchased 586,389 shares of company stock valued at $384,094,464. 64.83% of the stock is owned by company 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.
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