CMC Markets (LON:CMCX) Hits New 12-Month High – Still a Buy?

CMC Markets Plc (LON:CMCX) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 335.50 and last traded at GBX 331.27, with a volume of 299807 shares traded. The stock had previously closed at GBX 322.50.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CMCX. Shore Capital upgraded CMC Markets to a “buy” rating and raised their price target for the company from GBX 280 to GBX 330 in a research note on Thursday, November 20th. Panmure Gordon increased their price objective on CMC Markets from GBX 240 to GBX 260 and gave the company a “hold” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, CMC Markets presently has an average rating of “Moderate Buy” and an average price target of GBX 295.

CMC Markets Trading Up 2.0%

The company has a debt-to-equity ratio of 4.19, a current ratio of 2.18 and a quick ratio of 2.47. The business has a 50-day simple moving average of GBX 293.65 and a two-hundred day simple moving average of GBX 249.20. The stock has a market cap of £896.49 million, a price-to-earnings ratio of 14.24 and a beta of 0.51.

CMC Markets (LON:CMCX) last released its quarterly earnings data on Thursday, November 20th. The company reported GBX 13.30 earnings per share (EPS) for the quarter. CMC Markets had a return on equity of 86.11% and a net margin of 95.92%. Equities analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

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.