CMC Markets (LON:CMCX) Hits New 1-Year High - Here's Why

Key Points

• CMC Markets reached a new 52-week high, trading as high as GBX 758 and closing around GBX 756, up 5% from its prior close. Its market capitalization is approximately £2.06 billion.
• Analyst sentiment is broadly positive, with three Buy ratings and one Hold rating; however, the consensus target of GBX 462.50 is well below the current share price despite RBC raising its target to GBX 760.
• The company reported quarterly revenue of £376.76 million and earnings of GBX 27.50 per share, while insiders sold nearly 198,000 shares worth about $141.2 million over the past 90 days.

CMC Markets Plc (LON:CMCX - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 758 and last traded at GBX 756, with a volume of 220664 shares. The stock had previously closed at GBX 727.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CMCX shares. Jefferies Financial Group restated a "buy" rating and set a GBX 500 price target on shares of CMC Markets in a report on Wednesday, July 1st. Royal Bank Of Canada boosted their price target on CMC Markets from GBX 460 to GBX 760 and gave the company 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. According to MarketBeat.com, CMC Markets presently has an average rating of "Moderate Buy" and a consensus target price of GBX 462.50.

CMC Markets Trading Up 5.0%

The company has a market capitalization of £2.06 billion, a P/E ratio of 27.75 and a beta of 0.61. The company has a debt-to-equity ratio of 24.66, a current ratio of 16.94 and a quick ratio of 2.47. The business's 50-day moving average price is GBX 689.09 and its two-hundred day moving average price is GBX 484.55.

CMC Markets (LON:CMCX - Get Free Report) last announced its quarterly earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share for the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. The firm had revenue of £376.76 million for the quarter. As a group, analysts forecast that CMC Markets Plc will post 20.9884902 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Laurence Booth sold 155,138 shares of the business's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of GBX 713, for a total transaction of £1,106,133.94. Also, insider Peter Cruddas sold 23,850 shares of the company's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of GBX 703, for a total transaction of £167,665.50. Over the last ninety days, insiders sold 197,827 shares of company stock valued at $141,207,770. Insiders own 64.83% of the company's stock.

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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