CMC Markets (LON:CMCX) Upgraded to Buy by Peel Hunt
Peel Hunt upgraded shares of CMC Markets (LON:CMCX) to a buy rating in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada increased their price target on CMC Markets from GBX 170 ($2.24) to GBX 195 ($2.57) and gave the stock an outperform rating in a report on Tuesday, March 3rd. Shore Capital increased their price target on CMC Markets from GBX 185 ($2.43) to GBX 195 ($2.57) and gave the stock a buy rating in a report on Tuesday, March 3rd. Finally, Peel Hunt restated a buy rating and issued a GBX 150 ($1.97) price target on shares of CMC Markets in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of GBX 158.33 ($2.08).
Shares of CMC Markets stock traded up GBX 20 ($0.26) during trading hours on Friday, hitting GBX 155 ($2.04). The company’s stock had a trading volume of 460,664 shares, compared to its average volume of 788,581. CMC Markets has a 12 month low of GBX 74.30 ($0.98) and a 12 month high of GBX 184.20 ($2.42). The stock has a 50 day moving average of GBX 158.60 and a 200 day moving average of GBX 138.21. The company has a market capitalization of $440.04 million and a PE ratio of 17.82. The company has a debt-to-equity ratio of 13.20, a current ratio of 2.65 and a quick ratio of 2.58.
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.
Further Reading: The Structure of a Futures Contract
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