CMC Markets’ (CMCX) Hold Rating Reaffirmed at Numis Securities

CMC Markets (LON:CMCX)‘s stock had its “hold” rating reissued by stock analysts at Numis Securities in a research note issued on Monday, February 25th. They currently have a GBX 90 ($1.18) target price on the stock. Numis Securities’ price objective suggests a potential upside of 11.25% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Goldman Sachs Group dropped their target price on shares of CMC Markets from GBX 135 ($1.76) to GBX 105 ($1.37) and set a “neutral” rating for the company in a report on Monday, February 25th. Shore Capital dropped their target price on shares of CMC Markets from GBX 200 ($2.61) to GBX 190 ($2.48) and set a “buy” rating for the company in a report on Thursday, December 6th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of CMC Markets in a report on Friday, February 1st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 146 ($1.91).

Shares of CMCX traded up GBX 0.40 ($0.01) during mid-day trading on Monday, hitting GBX 80.90 ($1.06). 382,361 shares of the company’s stock were exchanged, compared to its average volume of 788,581. The company has a market capitalization of $233.33 million and a price-to-earnings ratio of 7.22. CMC Markets has a fifty-two week low of GBX 80.30 ($1.05) and a fifty-two week high of GBX 210 ($2.74). The company has a debt-to-equity ratio of 19.29, a quick ratio of 2.08 and a current ratio of 2.19.

In related news, insider David Fineberg purchased 252 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were bought at an average price of GBX 119 ($1.55) per share, for a total transaction of £299.88 ($391.85). Also, insider Grant Foley purchased 238 shares of the firm’s stock in a transaction on Monday, January 7th. The stock was bought at an average price of GBX 126 ($1.65) per share, for a total transaction of £299.88 ($391.85).

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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