CMC Markets (LON:CMCX) Hits New 52-Week High – Should You Buy?

CMC Markets Plc (LON:CMCX) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 726 and last traded at GBX 725.96, with a volume of 108903 shares changing hands. The stock had previously closed at GBX 708.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 460 price target on shares of CMC Markets in a research report on Friday, June 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 500 price target on shares of CMC Markets in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and one has assigned 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 target price of GBX 387.50.

CMC Markets Stock Up 2.8%

The firm’s fifty day moving average is GBX 446.51 and its 200-day moving average is GBX 372.43. The company has a market capitalization of £1.96 billion, a P/E ratio of 26.46 and a beta of 0.56. The company has a debt-to-equity ratio of 24.66, a quick ratio of 2.47 and a current ratio of 16.94.

CMC Markets (LON:CMCX) last announced its quarterly earnings results on Thursday, June 4th. The company reported GBX 27.50 EPS for the quarter. The company had revenue of £376.76 million during the quarter. CMC Markets had a return on equity of 16.86% and a net margin of 18.09%. As a group, equities research analysts predict that CMC Markets Plc will post 20.9884902 EPS for the current year.

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.