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

CMC Markets (LON:CMCX) had its price target raised by equities researchers at Royal Bank Of Canada from GBX 460 to GBX 760 in a note issued to investors on Monday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 4.11% from the company’s current price.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 500 target price on shares of CMC Markets in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 462.50.

CMC Markets Price Performance

LON CMCX opened at GBX 730 on Monday. The company has a 50 day simple moving average of GBX 620.90 and a 200-day simple moving average of GBX 448.08. 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 firm has a market capitalization of £1.97 billion, a price-to-earnings ratio of 26.55 and a beta of 0.61. CMC Markets has a 52-week low of GBX 203 and a 52-week high of GBX 753.

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

Insider Buying and Selling

In related news, 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. Also, insider Laurence Booth sold 155,138 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of GBX 713, for a total transaction of £1,106,133.94. In the last three months, insiders sold 197,827 shares of company stock worth $141,207,770. Insiders own 64.83% of the company’s stock.

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.