CMC Markets (LON:CMCX) Insider Peter Cruddas Acquires 525,000 Shares of Company Stock

Key Points

• Insider buying: Peter Cruddas purchased 525,000 CMC Markets shares at GBX 655 each, investing approximately £3.44 million. He also made several smaller purchases in early October.
• Recent share performance: CMC Markets opened at GBX 681, with a market capitalization of about £1.84 billion. Its shares have traded between GBX 203 and GBX 787 over the past year.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, although the consensus price target of GBX 462.50 is below the current share price; three analysts rate the stock Buy and one rates it Hold.

CMC Markets Plc (LON:CMCX - Get Free Report) insider Peter Cruddas purchased 525,000 shares of the stock in a transaction dated Monday, October 5th. The shares were acquired at an average price of GBX 655 per share, for a total transaction of £3,438,750.

Peter Cruddas also recently made the following trade(s):

• On Monday, October 5th, Peter Cruddas bought 8,378 shares of CMC Markets stock. The stock was purchased at an average price of GBX 690 per share, for a total transaction of £57,808.20.
• On Monday, October 5th, Peter Cruddas bought 20,000 shares of CMC Markets stock. The stock was purchased at an average cost of GBX 686 per share, for a total transaction of £137,200.
• On Monday, October 5th, Peter Cruddas purchased 10,000 shares of CMC Markets stock. The shares were purchased at an average cost of GBX 682 per share, with a total value of £68,200.
• On Friday, October 2nd, Peter Cruddas purchased 6,456 shares of CMC Markets stock. The shares were purchased at an average price of GBX 604 per share, with a total value of £38,994.24.
• On Friday, October 2nd, Peter Cruddas purchased 16,555 shares of CMC Markets stock. The stock was purchased at an average cost of GBX 604 per share, with a total value of £99,992.20.
• On Thursday, July 23rd, Peter Cruddas sold 23,850 shares of CMC Markets stock. The stock was sold at an average price of GBX 703, for a total value of £167,665.50.
• On Monday, July 13th, Peter Cruddas sold 18,839 shares of CMC Markets stock. The shares were sold at an average price of GBX 734, for a total transaction of £138,278.26.

CMC Markets Price Performance

Shares of CMCX opened at GBX 681 on Tuesday. The company has a debt-to-equity ratio of 24.66, a quick ratio of 2.47 and a current ratio of 16.94. The firm has a market cap of £1.84 billion, a PE ratio of 24.76 and a beta of 0.62. The firm's 50 day moving average price is GBX 704.93 and its 200 day moving average price is GBX 545.26. CMC Markets Plc has a twelve month low of GBX 203 and a twelve month high of GBX 787.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group reissued a "buy" rating and set a GBX 500 target price on shares of CMC Markets in a research report on Wednesday, July 1st. Royal Bank Of Canada upped their price target on CMC Markets from GBX 460 to GBX 760 and gave the stock an "outperform" rating in a research note on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, CMC Markets presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 462.50.

About CMC Markets

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.

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