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

CMC Markets Plc (LON:CMCX) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 474 and last traded at GBX 467.25, with a volume of 197483 shares traded. The stock had previously closed at GBX 464.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 460 price objective on shares of CMC Markets in a research note on Friday, June 5th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 350.

CMC Markets Stock Performance

The stock has a market capitalization of £1.25 billion, a P/E ratio of 19.85 and a beta of 0.58. The stock has a 50 day moving average of GBX 392.62 and a 200 day moving average of GBX 343.43. The company has a debt-to-equity ratio of 14.97, a quick ratio of 2.47 and a current ratio of 16.94.

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