CMC Markets (LON:CMCX) had its price objective dropped by equities research analysts at Shore Capital from GBX 200 ($2.61) to GBX 190 ($2.48) in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Shore Capital’s target price points to a potential upside of 80.95% from the company’s current price.
Several other research firms also recently commented on CMCX. Morgan Stanley decreased their price objective on shares of CMC Markets from GBX 197 ($2.57) to GBX 145 ($1.89) and set an “equal weight” rating on the stock in a report on Thursday, September 27th. Numis Securities upgraded shares of CMC Markets to a “hold” rating and set a GBX 145 ($1.89) price objective on the stock in a report on Wednesday, September 26th. Peel Hunt reiterated a “buy” rating and issued a GBX 200 ($2.61) price objective (down from GBX 230 ($3.01)) on shares of CMC Markets in a report on Tuesday, September 25th. Finally, Goldman Sachs Group decreased their price objective on shares of CMC Markets from GBX 175 ($2.29) to GBX 140 ($1.83) and set a “neutral” rating on the stock in a report on Tuesday, November 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 165 ($2.16).
Shares of CMCX opened at GBX 105 ($1.37) on Thursday. CMC Markets has a 1-year low of GBX 109.50 ($1.43) and a 1-year high of GBX 186.25 ($2.43).
CMC Markets (LON:CMCX) last issued its earnings results on Thursday, November 22nd. The company reported GBX 2.70 ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 4.30 ($0.06) by GBX (1.60) (($0.02)).
In other news, insider Clare Salmon sold 13,051 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of GBX 113 ($1.48), for a total value of £14,747.63 ($19,270.39). Also, insider David Fineberg bought 240 shares of CMC Markets stock in a transaction dated Monday, November 5th. The stock was acquired at an average cost of GBX 124 ($1.62) per share, with a total value of £297.60 ($388.87).
About CMC Markets
CMC Markets plc and its subsidiaries provide online retail financial services in the United Kingdom and internationally. It operates in three segments: UK and Ireland, Europe, and Australia, New Zealand and Singapore (APAC) and Canada. The company provides its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries through its trading platform.
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