CMC Markets (LON:CMCX) Insider Peter Cruddas Purchases 16,555 Shares of Company Stock

Key Points

• Insider purchase: Peter Cruddas bought 16,555 CMC Markets shares at GBX 604 each for approximately £99,992, and acquired an additional 6,456 shares the same day for about £38,994.
• Recent trading performance: CMC Markets shares fell 4.0% to GBX 632, while the company had a £1.70 billion market capitalization and traded above its 200-day moving average.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and one Hold, although the consensus price target of GBX 462.50 is below the current share price.

CMC Markets Plc (LON:CMCX - Get Free Report) insider Peter Cruddas purchased 16,555 shares of the business's stock in a transaction on Friday, October 2nd. The shares were acquired at an average price of GBX 604 per share, for a total transaction of £99,992.20.

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

• On Friday, October 2nd, Peter Cruddas acquired 6,456 shares of CMC Markets stock. The stock was purchased at an average cost of GBX 604 per share, with a total value of £38,994.24.
• On Thursday, July 23rd, Peter Cruddas sold 23,850 shares of CMC Markets stock. The shares were sold at an average price of GBX 703, for a total transaction 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 Stock Down 4.0%

CMCX traded down GBX 26 during midday trading on Friday, reaching GBX 632. 1,848,974 shares of the company were exchanged, compared to its average volume of 1,260,506. The company has a market cap of £1.70 billion, a price-to-earnings ratio of 22.98 and a beta of 0.62. CMC Markets Plc has a one year low of GBX 203 and a one year high of GBX 787. The company's fifty day moving average price is GBX 708.05 and its 200 day moving average price is GBX 540.77. The company has a debt-to-equity ratio of 24.66, a quick ratio of 2.47 and a current ratio of 16.94.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 500 target price on shares of CMC Markets in a report on Wednesday, July 1st. Royal Bank Of Canada increased their price objective on CMC Markets from GBX 460 to GBX 760 and gave the stock an "outperform" rating in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, CMC Markets currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 462.50.

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.

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