Shares of CMC Markets Plc (LON:CMCX – Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 695.50 and traded as high as GBX 709. CMC Markets shares last traded at GBX 708, with a volume of 229,828 shares changing hands.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada lifted their target price on CMC Markets from GBX 460 to GBX 760 and gave the company an “outperform” rating in a research report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 462.50.
Read Our Latest Report on CMCX
CMC Markets Stock Performance
The company has a debt-to-equity ratio of 24.66, a current ratio of 16.94 and a quick ratio of 2.47. The company’s fifty day moving average price is GBX 695.50 and its 200 day moving average price is GBX 525.88. The company has a market cap of £1.91 billion, a PE ratio of 25.71 and a beta of 0.62.
Insider Transactions at CMC Markets
In other news, insider Peter Cruddas acquired 8,378 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was purchased at an average price of GBX 690 per share, for a total transaction of £57,808.20. Over the last ninety days, insiders have bought 586,389 shares of company stock valued at $384,094,464. Corporate insiders own 65.10% of the company’s stock.
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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