CMC Markets (LON:CMCX) Sets New 1-Year High – What’s Next?

Shares of CMC Markets Plc (LON:CMCX) hit a new 52-week high on Tuesday . The stock traded as high as GBX 340 and last traded at GBX 324.50, with a volume of 30265 shares traded. The stock had previously closed at GBX 326.03.

Wall Street Analyst Weigh In

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

CMC Markets Trading Up 0.5%

The company has a current ratio of 172.37, a quick ratio of 2.47 and a debt-to-equity ratio of 8.41. The stock has a market capitalization of £888.31 million, a P/E ratio of 14.11 and a beta of 0.72. The company has a 50-day moving average price of GBX 318.75 and a 200 day moving average price of GBX 266.84.

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.