CMC Markets (LON:CMCX) Sets New 12-Month High – Still a Buy?

CMC Markets Plc (LON:CMCX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 569.48 and last traded at GBX 568, with a volume of 4506054 shares changing hands. The stock had previously closed at GBX 458.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank Of Canada restated 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 reiterated a “buy” rating and set a GBX 500 price objective on shares of CMC Markets in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CMC Markets presently has a consensus rating of “Moderate Buy” and an average target price of GBX 387.50.

CMC Markets Price Performance

The business has a fifty day moving average price of GBX 420.64 and a 200 day moving average price of GBX 360.74. 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 company has a market capitalization of £1.93 billion, a price-to-earnings ratio of 30.69 and a beta of 0.58.

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