CMC Markets (LON:CMCX) Sets New 1-Year High – What’s Next?

CMC Markets Plc (LON:CMCX) shares reached a new 52-week high on Monday . The stock traded as high as GBX 340.50 and last traded at GBX 331, with a volume of 27827 shares trading hands. The stock had previously closed at GBX 331.94.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CMCX shares. Shore Capital Group raised shares of CMC Markets to a “buy” rating and boosted their target price for the stock from GBX 280 to GBX 330 in a research note on Thursday, November 20th. Panmure Gordon increased their price target on shares of CMC Markets from GBX 240 to GBX 260 and gave the company a “hold” rating in a research note on Thursday, November 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CMC Markets currently has an average rating of “Moderate Buy” and a consensus price target of GBX 295.

CMC Markets Trading Up 0.9%

The company has a quick ratio of 2.47, a current ratio of 172.37 and a debt-to-equity ratio of 8.41. The company has a market cap of £911.28 million, a P/E ratio of 14.48 and a beta of 0.69. The business has a 50-day moving average price of GBX 323.34 and a two-hundred day moving average price of GBX 273.43.

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.