Shore Capital Reiterates “Sell” Rating for CMC Markets (LON:CMCX)

CMC Markets (LON:CMCX)‘s stock had its “sell” rating restated by analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat reports.

CMCX has been the subject of several other research reports. Peel Hunt lowered CMC Markets to an “add” rating and set a GBX 140 ($1.72) price target for the company. in a research note on Tuesday, September 5th. Royal Bank of Canada dropped their price target on CMC Markets from GBX 250 ($3.07) to GBX 140 ($1.72) and set an “outperform” rating for the company in a research note on Friday, September 8th.

CMC Markets Price Performance

LON:CMCX opened at GBX 93.10 ($1.14) on Thursday. The firm has a market capitalization of £260.51 million, a price-to-earnings ratio of 620.67 and a beta of 0.50. CMC Markets has a 52-week low of GBX 89.50 ($1.10) and a 52-week high of GBX 254 ($3.12). The stock has a fifty day moving average of GBX 99.89 and a 200 day moving average of GBX 134.61. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.47 and a current ratio of 2.45.

Insider Transactions at CMC Markets

In other news, insider David Fineberg sold 20,000 shares of CMC Markets stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of GBX 110 ($1.35), for a total value of £22,000 ($27,017.07). In related news, insider Albert Soleiman acquired 312 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of GBX 96 ($1.18) per share, for a total transaction of £299.52 ($367.83). Also, insider David Fineberg sold 20,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of GBX 110 ($1.35), for a total value of £22,000 ($27,017.07). Over the last quarter, insiders have purchased 894 shares of company stock worth $89,886. Company insiders own 64.87% of the company’s stock.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.