CMC Markets (LON:CMCX) Reaches New 52-Week High – What’s Next?

Shares of CMC Markets Plc (LON:CMCX) hit a new 52-week high on Monday . The stock traded as high as GBX 340.50 and last traded at GBX 331, with a volume of 27827 shares trading hands. The stock had previously closed at GBX 331.94.

Wall Street Analysts Forecast Growth

CMCX has been the subject of a number of recent analyst reports. Shore Capital Group upgraded shares of CMC Markets to a “buy” rating and upped their price target for the company from GBX 280 to GBX 330 in a report on Thursday, November 20th. Panmure Gordon raised their price target on shares of CMC Markets from GBX 240 to GBX 260 and gave the stock a “hold” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CMC Markets presently has an average rating of “Moderate Buy” and a consensus price target of GBX 295.

CMC Markets Price Performance

The stock has a market capitalization of £901.94 million, a P/E ratio of 14.33 and a beta of 0.69. The firm has a fifty day moving average price of GBX 322.72 and a two-hundred day moving average price of GBX 271.87. The company has a quick ratio of 2.47, a current ratio of 172.37 and a debt-to-equity ratio of 8.41.

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.