CMC Markets (LON:CMCX) Hits New 12-Month High – Time to Buy?

CMC Markets Plc (LON:CMCX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 569.48 and last traded at GBX 568, with a volume of 4506054 shares trading hands. The stock had previously closed at GBX 458.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 460 price target on shares of CMC Markets in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, CMC Markets presently has an average rating of “Moderate Buy” and an average price target of GBX 350.

CMC Markets Stock Performance

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 company has a market cap of £1.55 billion, a PE ratio of 24.68 and a beta of 0.58. The firm’s 50-day simple moving average is GBX 409.16 and its two-hundred day simple moving average is GBX 355.26.

CMC Markets (LON:CMCX) last posted its quarterly earnings results 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 business had revenue of £376.76 million during the quarter. As a group, research analysts anticipate that CMC Markets Plc will post 20.9884902 earnings per share for the current fiscal year.

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.