CMC Markets (LON:CMCX) Upgraded at Shore Capital

Shore Capital upgraded shares of CMC Markets (LON:CMCX) to a buy rating in a research note published on Thursday, Marketbeat.com reports. The firm currently has GBX 330 price target on the stock, up from their previous price target of GBX 280.

Separately, Panmure Gordon upped their target price on shares of CMC Markets from GBX 240 to GBX 260 and gave the company a “hold” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 295.

CMC Markets Stock Up 6.7%

CMCX stock 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. The company has a debt-to-equity ratio of 4.19, a quick ratio of 2.47 and a current ratio of 2.18. The business’s 50-day moving average is GBX 220.88 and its two-hundred day moving average is GBX 236.40. CMC Markets has a fifty-two week low of GBX 183.40 and a fifty-two week high of GBX 307.

CMC Markets (LON:CMCX) last released 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%. As a group, analysts forecast that CMC Markets will post 20.9884902 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider David Fineberg purchased 134 shares of the company’s stock in a transaction on Monday, October 6th. The stock was acquired at an average cost of GBX 225 per share, for a total transaction of £301.50. 64.11% of the stock is owned by corporate insiders.

About CMC Markets

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.