CMC Markets (LON:CMCX) Reaches New 1-Year High on Analyst Upgrade

CMC Markets Plc (LON:CMCX) hit a new 52-week high on Monday after Peel Hunt raised their price target on the stock from GBX 105 to GBX 150. Peel Hunt currently has a buy rating on the stock. CMC Markets traded as high as GBX 133.40 ($1.74) and last traded at GBX 132 ($1.72), with a volume of 57289 shares changing hands. The stock had previously closed at GBX 130.60 ($1.71).

A number of other brokerages also recently commented on CMCX. Shore Capital restated a “buy” rating and set a GBX 130 ($1.70) price objective on shares of CMC Markets in a research note on Thursday, October 3rd. Royal Bank of Canada upped their price objective on CMC Markets from GBX 120 ($1.57) to GBX 125 ($1.63) and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. CMC Markets has a consensus rating of “Buy” and an average price target of GBX 117 ($1.53).

In related news, insider David Fineberg sold 5,800 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of GBX 93 ($1.22), for a total transaction of £5,394 ($7,048.22).

The stock has a market capitalization of $370.04 million and a P/E ratio of 64.00. The stock has a 50 day moving average of GBX 111.66 and a 200 day moving average of GBX 93.46. The company has a debt-to-equity ratio of 3.24, a quick ratio of 2.34 and a current ratio of 2.46.

CMC Markets Company Profile (LON:CMCX)

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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