CMC Markets (LON:CMCX) had its price objective increased by investment analysts at Peel Hunt from GBX 210 ($2.93) to GBX 220 ($3.07) in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target suggests a potential upside of 21.82% from the company’s previous close.
Several other research firms have also weighed in on CMCX. Numis Securities reiterated a “sell” rating and issued a GBX 120 ($1.67) target price on shares of CMC Markets in a report on Thursday, January 25th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 185 ($2.58) target price on shares of CMC Markets in a report on Wednesday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 170 ($2.37) target price on shares of CMC Markets in a report on Monday, March 5th. Finally, Shore Capital reiterated a “hold” rating on shares of CMC Markets in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. CMC Markets has an average rating of “Buy” and a consensus target price of GBX 167 ($2.33).
LON:CMCX opened at GBX 180.60 ($2.52) on Thursday. The stock has a market capitalization of $454.32 and a price-to-earnings ratio of 995.29. CMC Markets has a 1-year low of GBX 109.50 ($1.53) and a 1-year high of GBX 186.25 ($2.60).
About CMC Markets
CMC Markets plc, together with its subsidiaries, provides online and mobile trading services for retail and institutional clients in the United Kingdom and internationally. The company operates in three segments: UK and Ireland; Europe; and Australia, New Zealand and Singapore and Canada. It enables clients to trade various financial instruments, including indices, commodities, foreign currencies, equities, and treasuries through its trading platform.
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