CMC Markets (LON:CMCX) Price Target Raised to GBX 260

CMC Markets (LON:CMCX) had its price target lifted by Panmure Gordon from GBX 240 to GBX 260 in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has a hold rating on the stock.

CMC Markets Stock Up 6.7%

LON:CMCX opened at GBX 285.50 on Thursday. The company has a market cap of £777.95 million, a price-to-earnings ratio of 12.63 and a beta of 0.51. CMC Markets has a twelve month low of GBX 183.40 and a twelve month high of GBX 307. The company has a current ratio of 2.18, a quick ratio of 2.47 and a debt-to-equity ratio of 4.19. The stock has a fifty day simple moving average of GBX 220.88 and a 200-day simple moving average of GBX 236.40.

CMC Markets (LON:CMCX) last posted its quarterly earnings results on Thursday, November 20th. The company reported GBX 13.30 EPS for the quarter. CMC Markets had a net margin of 95.92% and a return on equity of 86.11%. Analysts anticipate that CMC Markets will post 20.9884902 EPS for the current year.

Insider Activity at CMC Markets

In related news, insider David Fineberg bought 134 shares of CMC Markets stock in a transaction dated Monday, October 6th. The shares were acquired at an average cost of GBX 225 per share, with a total value of £301.50. Company insiders own 64.11% 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.