CMC Markets (LON:CMCX) Hits New 12-Month High – What’s Next?

CMC Markets Plc (LON:CMCX – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 753 and last traded at GBX 737, with a volume of 87507 shares changing hands. The stock had previously closed at GBX 739.

Wall Street Analysts Forecast Growth

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

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CMC Markets Trading Down 1.5%

The company has a current ratio of 16.94, a quick ratio of 2.47 and a debt-to-equity ratio of 24.66. The company has a market capitalization of £1.96 billion, a price-to-earnings ratio of 26.47 and a beta of 0.56. The company has a fifty day moving average of GBX 535.86 and a 200-day moving average of GBX 410.89.

CMC Markets (LON:CMCX – Get Free Report) last announced its 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. As a group, equities research analysts anticipate that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Peter Cruddas sold 23,850 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of GBX 703, for a total transaction of £167,665.50. 64.78% of the stock is owned by corporate insiders.

About CMC Markets

(Get Free Report)

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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