CMC Markets (LON:CMCX) Price Target Raised to GBX 760

CMC Markets (LON:CMCX – Free Report) had its price target hoisted by Royal Bank Of Canada from GBX 460 to GBX 760 in a research note published on Monday,Digital Look reports. They currently have an outperform rating on the stock.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 500 price objective 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 given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 462.50.

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CMC Markets Stock Performance

Shares of CMC Markets stock opened at GBX 695.94 on Monday. 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 stock’s fifty day moving average is GBX 636.27 and its two-hundred day moving average is GBX 456.24. CMC Markets has a 52 week low of GBX 203 and a 52 week high of GBX 753. The company has a market capitalization of £1.88 billion, a PE ratio of 25.31 and a beta of 0.61.

CMC Markets (LON:CMCX – Get Free Report) last released its earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share for the quarter. The business 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, analysts expect that CMC Markets will post 20.9884902 earnings per share for the current year.

Insider Buying and Selling at CMC Markets

In other CMC Markets news, insider Laurence Booth sold 155,138 shares of CMC Markets stock in a transaction on Friday, July 24th. The stock was sold at an average price of GBX 713, for a total transaction of £1,106,133.94. Also, insider Peter Cruddas sold 23,850 shares of CMC Markets stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of GBX 703, for a total value of £167,665.50. Insiders have sold a total of 197,827 shares of company stock worth $141,207,770 over the last 90 days. 64.83% of the stock is currently owned by company insiders.

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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