CMC Markets Plc (LON:CMCX – Get Free Report) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 702.13 and traded as low as GBX 673. CMC Markets shares last traded at GBX 716, with a volume of 1,283,066 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Royal Bank Of Canada boosted their price target on CMC Markets from GBX 460 to GBX 760 and gave the company an “outperform” rating in a report on Monday, August 17th. Jefferies Financial Group reissued a “buy” rating and set a GBX 500 price target on shares of CMC Markets in a research note on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 462.50.
View Our Latest Analysis on CMCX
CMC Markets Stock Up 5.4%
The firm’s 50-day moving average price is GBX 702.13 and its 200-day moving average price is GBX 564.94. The company has a market cap of £1.93 billion, a price-to-earnings ratio of 26.04 and a beta of 0.62. The company has a debt-to-equity ratio of 24.66, a current ratio of 16.94 and a quick ratio of 2.47.
Insider Buying and Selling
In other news, insider Laurence Booth sold 155,138 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of GBX 713, for a total transaction of £1,106,133.94. Also, insider Peter Cruddas purchased 8,378 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were bought at an average cost of GBX 690 per share, with a total value of £57,808.20. In the last 90 days, insiders have acquired 586,389 shares of company stock valued at $384,094,464. 64.83% of the stock is owned by 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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