CMC Markets (LON:CMCX) Reaches New 12-Month High – What’s Next?

Shares of CMC Markets Plc (LON:CMCX) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 339 and last traded at GBX 324.04, with a volume of 19228 shares changing hands. The stock had previously closed at GBX 321.50.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CMCX shares. Shore Capital Group raised shares of CMC Markets to a “buy” rating and lifted their target price for the stock from GBX 280 to GBX 330 in a research report on Thursday, November 20th. Panmure Gordon raised their price objective on shares of CMC Markets from GBX 240 to GBX 260 and gave the stock a “hold” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, CMC Markets presently has an average rating of “Moderate Buy” and a consensus target price of GBX 295.

CMC Markets Price Performance

The company has a current ratio of 2.18, a quick ratio of 2.47 and a debt-to-equity ratio of 4.19. The stock has a 50-day simple moving average of GBX 315.42 and a 200 day simple moving average of GBX 263.07. The stock has a market capitalization of £892.40 million, a price-to-earnings ratio of 14.18 and a beta of 0.51.

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.