Peel Hunt reissued their buy rating on shares of CMC Markets (LON:CMCX) in a research report report published on Monday, December 18th. The firm currently has a GBX 210 ($2.85) target price on the stock.
A number of other equities analysts have also recently issued reports on CMCX. Shore Capital reaffirmed a hold rating on shares of CMC Markets in a report on Thursday, November 23rd. Numis Securities reaffirmed a sell rating and issued a GBX 100 ($1.36) target price on shares of CMC Markets in a report on Thursday, September 28th. Finally, Morgan Stanley raised CMC Markets to an overweight rating and increased their price target for the company from GBX 178 ($2.41) to GBX 180 ($2.44) in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. CMC Markets presently has an average rating of Hold and an average price target of GBX 193 ($2.62).
Shares of CMC Markets (LON CMCX) traded down GBX 1.60 ($0.02) during mid-day trading on Monday, hitting GBX 155.40 ($2.11). The company had a trading volume of 134,650 shares, compared to its average volume of 574,964. CMC Markets has a twelve month low of GBX 100.98 ($1.37) and a twelve month high of GBX 186.25 ($2.53). The company has a market cap of $451.34 and a P/E ratio of 914.12.
In other CMC Markets news, insider David Fineberg purchased 22,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was bought at an average cost of GBX 177 ($2.40) per share, with a total value of £38,940 ($52,807.16). Also, insider Grant Foley purchased 190 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of GBX 158 ($2.14) per share, with a total value of £300.20 ($407.11). Insiders bought 33,382 shares of company stock worth $5,826,660 in the last 90 days.
About CMC Markets
CMC Markets plc is a holding company. The Company is a provider of online and mobile trading servicing both retail and institutional clients. The Company enables clients to trade over 10,000 financial instruments, including indices, commodities, foreign exchange (FX) and equities through its trading platform.
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