CMC Markets (LON:CMCX) Given “Buy” Rating at Jefferies Financial Group

CMC Markets (LON:CMCX – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 500 price target on the stock. Jefferies Financial Group’s target price points to a potential downside of 21.75% from the stock’s current price.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 460 price objective on shares of CMC Markets in a research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 387.50.

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CMC Markets Stock Performance

LON:CMCX traded up GBX 181 during mid-day trading on Wednesday, hitting GBX 639. 5,695,147 shares of the company traded hands, compared to its average volume of 1,209,532. The stock’s fifty day moving average price is GBX 409.16 and its 200-day moving average price is GBX 355.26. CMC Markets has a one year low of GBX 203 and a one year high of GBX 640. The company has a quick ratio of 2.47, a current ratio of 16.94 and a debt-to-equity ratio of 24.66. The firm has a market cap of £1.74 billion, a price-to-earnings ratio of 27.66 and a beta of 0.58.

CMC Markets (LON:CMCX – Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The company reported GBX 27.50 EPS for the quarter. CMC Markets had a return on equity of 16.86% and a net margin of 18.09%.The business had revenue of £376.76 million during the quarter. Research analysts anticipate that CMC Markets will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Company Profile

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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.

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