CMC Markets (LON:CMCX) Reaches New 52-Week High – Here’s Why

CMC Markets Plc (LON:CMCX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 468 and last traded at GBX 453.72, with a volume of 7395745 shares changing hands. The stock had previously closed at GBX 430.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 460 price objective on shares of CMC Markets in a research report on Friday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 350.

CMC Markets Stock Performance

The business has a fifty day simple moving average of GBX 374.01 and a two-hundred day simple moving average of GBX 331.96. The company has a quick ratio of 2.47, a current ratio of 172.37 and a debt-to-equity ratio of 8.41. The company has a market cap of £1.24 billion, a P/E ratio of 19.65 and a beta of 0.58.

CMC Markets (LON:CMCX) last posted its earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share for the quarter. CMC Markets had a return on equity of 14.91% and a net margin of 17.36%.The company had revenue of £376.76 million for the quarter. On average, sell-side analysts anticipate that CMC Markets Plc will post 20.9884902 EPS for the current year.

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.