CMC Markets (LON:CMCX) Hits New 1-Year High – Here’s Why

CMC Markets Plc (LON:CMCX) shares reached a new 52-week high on Tuesday . The company traded as high as GBX 753 and last traded at GBX 737, with a volume of 87507 shares. The stock had previously closed at GBX 739.

Analysts Set New Price Targets

CMCX has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 500 price target on shares of CMC Markets in a research note on Wednesday, July 1st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 460 price objective on shares of CMC Markets in a report on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, CMC Markets presently has an average rating of “Moderate Buy” and an average target price of GBX 387.50.

CMC Markets Stock Performance

The company’s 50-day moving average price is GBX 548.83 and its two-hundred day moving average price is GBX 416.53. The company has a market cap of £1.89 billion, a P/E ratio of 25.49 and a beta of 0.56. The company has a current ratio of 16.94, a quick ratio of 2.47 and a debt-to-equity ratio of 24.66.

CMC Markets (LON:CMCX) last released its earnings results on Thursday, June 4th. The company reported GBX 27.50 EPS for the quarter. The business had revenue of £376.76 million for the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. As a group, equities analysts forecast that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

Insider Buying and Selling at CMC Markets

In other news, insider Laurence Booth sold 155,138 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of GBX 713, for a total transaction of £1,106,133.94. Also, insider Peter Cruddas sold 23,850 shares of the 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. Insiders sold 197,827 shares of company stock worth $141,207,770 in the last ninety days. 64.78% 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.