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

Shares of CMC Markets Plc (LON:CMCX) hit a new 52-week high on Thursday . The company traded as high as GBX 726 and last traded at GBX 725.96, with a volume of 108903 shares. The stock had previously closed at GBX 708.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMCX shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 460 price target on shares of CMC Markets in a research note on Friday, June 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 500 target price 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, CMC Markets has a consensus rating of “Moderate Buy” and an average price target of GBX 387.50.

CMC Markets Stock Up 2.8%

The company has a debt-to-equity ratio of 24.66, a current ratio of 16.94 and a quick ratio of 2.47. The stock has a fifty day moving average price of GBX 446.51 and a two-hundred day moving average price of GBX 372.43. The company has a market cap of £1.96 billion, a P/E ratio of 26.46 and a beta of 0.56.

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

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.