CMC Markets (LON:CMCX)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research note issued on Wednesday, October 3rd.
Several other analysts also recently weighed in on the company. Morgan Stanley lowered their target price on CMC Markets from GBX 197 ($2.57) to GBX 145 ($1.89) and set an “equal weight” rating for the company in a research note on Thursday, September 27th. Numis Securities upgraded CMC Markets to a “hold” rating and set a GBX 145 ($1.89) target price for the company in a research note on Wednesday, September 26th. Finally, Shore Capital upgraded CMC Markets to a “buy” rating in a research note on Thursday, June 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 165 ($2.16).
Shares of LON CMCX opened at GBX 121 ($1.58) on Wednesday. CMC Markets has a 12-month low of GBX 109.50 ($1.43) and a 12-month high of GBX 186.25 ($2.43). The firm has a market capitalization of $454.32 million and a P/E ratio of 995.29.
In other CMC Markets news, insider David Fineberg bought 178 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were purchased at an average price of GBX 168 ($2.20) per share, with a total value of £299.04 ($390.75).
CMC Markets Company Profile
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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