CMC Markets (LON:CMCX) Reaches New 52-Week High – Here’s Why

CMC Markets Plc (LON:CMCX) reached a new 52-week high during trading on Friday . The company traded as high as GBX 468 and last traded at GBX 453.72, with a volume of 7395745 shares. The stock had previously closed at GBX 430.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 460 target price on shares of CMC Markets in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, CMC Markets currently has an average rating of “Moderate Buy” and an average target price of GBX 350.

CMC Markets Stock Performance

The stock has a market capitalization of £1.24 billion, a PE ratio of 19.65 and a beta of 0.58. The business has a 50 day moving average price of GBX 374.01 and a 200 day moving average price of GBX 331.96. The company has a debt-to-equity ratio of 8.41, a current ratio of 172.37 and a quick ratio of 2.47.

CMC Markets (LON:CMCX) last released its earnings results on Thursday, June 4th. The company reported GBX 27.50 EPS for the quarter. CMC Markets had a return on equity of 14.91% and a net margin of 17.36%.The firm had revenue of £376.76 million for the quarter. As a group, equities research analysts expect that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

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.