CMC Markets (LON:CMCX) Stock Rating Reaffirmed by Shore Capital
Shore Capital reaffirmed their buy rating on shares of CMC Markets (LON:CMCX) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.
CMCX has been the topic of several other research reports. Peel Hunt upgraded shares of CMC Markets to a buy rating in a research note on Friday. Peel Hunt reiterated a buy rating and set a GBX 150 ($1.97) price target on shares of CMC Markets in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their price target on shares of CMC Markets from GBX 170 ($2.24) to GBX 195 ($2.57) and gave the stock an outperform rating in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 158.33 ($2.08).
Shares of CMC Markets stock traded up GBX 20 ($0.26) on Friday, hitting GBX 155 ($2.04). 460,664 shares of the company’s stock were exchanged, compared to its average volume of 788,581. The company has a 50-day simple moving average of GBX 158.60 and a 200-day simple moving average of GBX 138.21. The stock has a market capitalization of $440.04 million and a PE ratio of 17.82. CMC Markets has a 1 year low of GBX 74.30 ($0.98) and a 1 year high of GBX 184.20 ($2.42). The company has a debt-to-equity ratio of 13.20, a quick ratio of 2.58 and a current ratio of 2.65.
CMC Markets plc and its subsidiaries provide online retail financial services in the United Kingdom and internationally. It operates in three segments: UK and Ireland, Europe, and Australia, New Zealand and Singapore (APAC) and Canada. The company provides its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries through its trading platform.
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