CMC Markets (LON:CMCX) Share Price Breaks Above 50 Day Moving Average – Here’s Why

CMC Markets Plc (LON:CMCX – Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 701.50 and traded as high as GBX 717. CMC Markets shares last traded at GBX 704.89, with a volume of 6,532,000 shares trading hands.

Wall Street Analyst Weigh In

CMCX has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 500 price objective on shares of CMC Markets in a research note on Wednesday, July 1st. Royal Bank Of Canada upped their target price on shares of CMC Markets from GBX 460 to GBX 760 and gave the company an “outperform” rating in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CMC Markets has a consensus rating of “Moderate Buy” and a consensus price target of GBX 462.50.

Check Out Our Latest Report on CMC Markets

CMC Markets Stock Down 1.4%

The company has a debt-to-equity ratio of 24.66, a current ratio of 16.94 and a quick ratio of 2.47. The stock has a market capitalization of £1.89 billion, a P/E ratio of 25.45 and a beta of 0.62. The firm has a 50 day moving average of GBX 700.78 and a 200-day moving average of GBX 506.91.

Insider Buying and Selling at CMC Markets

In other news, insider Peter Cruddas acquired 8,378 shares of the stock in a transaction dated Monday, October 5th. The shares were acquired at an average cost of GBX 690 per share, for a total transaction of £57,808.20. Over the last quarter, insiders purchased 586,389 shares of company stock worth $384,094,464. 64.83% of the stock is currently owned by company insiders.

CMC Markets Company Profile

(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.

Further Reading

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