CMC Markets (LON:CMCX) Hits New 1-Year High – Should You Buy?

CMC Markets Plc (LON:CMCX) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 787 and last traded at GBX 757, with a volume of 4835251 shares traded. The stock had previously closed at GBX 785.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 500 price objective on shares of CMC Markets in a research report on Wednesday, July 1st. Royal Bank Of Canada upped their price target on shares of CMC Markets from GBX 460 to GBX 760 and gave the stock an “outperform” rating in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 462.50.

CMC Markets Price Performance

The company has a debt-to-equity ratio of 24.66, a quick ratio of 2.47 and a current ratio of 16.94. The company has a market cap of £2.02 billion, a price-to-earnings ratio of 27.24 and a beta of 0.62. The business has a fifty day moving average price of GBX 714.37 and a 200 day moving average price of GBX 496.96.

Insider Activity

In related news, insider Laurence Booth sold 155,138 shares of CMC Markets stock in a transaction that occurred 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 sold 23,850 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of GBX 703, for a total transaction of £167,665.50. In the last three months, insiders have sold 197,827 shares of company stock valued at $141,207,770. Insiders own 64.83% 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.