CMC Markets (LON:CMCX) Sets New 52-Week High – Time to Buy?

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

Analyst Upgrades and Downgrades

CMCX has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued 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 lifted their price objective on shares of CMC Markets from GBX 460 to GBX 760 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CMC Markets presently has an average rating of “Moderate Buy” and an average price target of GBX 462.50.

CMC Markets Stock Performance

The firm has a market cap of £2.06 billion, a price-to-earnings ratio of 27.82 and a beta of 0.61. The company has a current ratio of 16.94, a quick ratio of 2.47 and a debt-to-equity ratio of 24.66. The stock’s 50 day moving average is GBX 701.71 and its 200 day moving average is GBX 489.57.

CMC Markets (LON:CMCX) last issued its quarterly earnings data on Thursday, June 4th. The company reported GBX 27.50 earnings per share (EPS) 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 during the quarter. Analysts anticipate that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Laurence Booth sold 155,138 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of GBX 713, for a total value of £1,106,133.94. Also, insider Peter Cruddas sold 23,850 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of GBX 703, for a total value of £167,665.50. In the last quarter, insiders have sold 197,827 shares of company stock worth $141,207,770. 64.83% of the stock is owned by corporate insiders.

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.