CMC Markets (LON:CMCX) PT Raised to GBX 160 at Shore Capital
CMC Markets (LON:CMCX) had its price target lifted by equities researchers at Shore Capital from GBX 130 ($1.70) to GBX 160 ($2.09) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Shore Capital’s target price points to a potential upside of 9.74% from the stock’s current price.
A number of other analysts have also commented on CMCX. Royal Bank of Canada lifted their price objective on CMC Markets from GBX 125 ($1.63) to GBX 145 ($1.89) and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Peel Hunt reiterated a “buy” rating on shares of CMC Markets in a research report on Thursday, November 21st. Finally, Goldman Sachs Group lifted their price objective on CMC Markets from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the stock a “neutral” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 131 ($1.71).
Shares of CMCX stock opened at GBX 145.80 ($1.91) on Tuesday. The stock has a 50-day moving average price of GBX 130.09 and a 200 day moving average price of GBX 103.34. The company has a quick ratio of 2.58, a current ratio of 2.65 and a debt-to-equity ratio of 13.20. The firm has a market cap of $421.53 million and a price-to-earnings ratio of 16.76. CMC Markets has a 12 month low of GBX 74.30 ($0.97) and a 12 month high of GBX 151.40 ($1.98).
CMC Markets Company Profile
CMC Markets plc and its subsidiaries provide online retail financial services in the United Kingdom and internationally. It operates in three segments: UK and Ireland, Europe, and Australia, New Zealand and Singapore (APAC) and Canada. The company provides its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries through its trading platform.
Further Reading: Profit Margin
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