CMC Markets (LON:CMCX) Stock Price Up 28.9% Following Analyst Upgrade

CMC Markets Plc (LON:CMCX) traded up 28.9% during trading on Friday after Shore Capital upgraded the stock to a buy rating. Shore Capital now has a GBX 330 price target on the stock, up from their previous price target of GBX 280. CMC Markets traded as high as GBX 271.50 and last traded at GBX 267.50. 12,959,912 shares changed hands during mid-day trading, an increase of 1,846% from the average session volume of 666,025 shares. The stock had previously closed at GBX 207.50.

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

Insider Buying and Selling

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

CMC Markets Stock Performance

The stock has a market cap of £777.95 million, a P/E ratio of 12.63 and a beta of 0.51. The company has a fifty day moving average price of GBX 220.88 and a 200 day moving average price of GBX 236.40. The company has a debt-to-equity ratio of 4.19, a current ratio of 2.18 and a quick ratio of 2.47.

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 return on equity of 86.11% and a net margin of 95.92%. On average, equities analysts expect 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.