CMC Markets Plc (LON:CMCX – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 701.50 and traded as high as GBX 717. CMC Markets shares last traded at GBX 704.89, with a volume of 6,532,000 shares traded.
Analysts Set New Price Targets
Several research analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 500 price objective on shares of CMC Markets in a research report on Wednesday, July 1st. Royal Bank Of Canada upped their target price 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 issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 462.50.
Read Our Latest Stock Analysis on CMCX
CMC Markets Price Performance
The company has a market cap of £1.90 billion, a PE ratio of 25.63 and a beta of 0.62. The business’s 50 day moving average price is GBX 701.50 and its 200-day moving average price is GBX 502.97. The company has a quick ratio of 2.47, a current ratio of 16.94 and a debt-to-equity ratio of 24.66.
Insiders Place Their Bets
In other news, insider Peter Cruddas purchased 8,378 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average cost of GBX 690 per share, with a total value of £57,808.20. Over the last ninety days, insiders have acquired 586,389 shares of company stock worth $384,094,464. 64.83% of the stock is currently owned by company insiders.
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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