Peel Hunt Reiterates Buy Rating for CMC Markets (LON:CMCX)
Peel Hunt reiterated their buy rating on shares of CMC Markets (LON:CMCX) in a report issued on Tuesday, September 25th. They currently have a GBX 200 ($2.61) price target on the stock, down from their prior price target of GBX 230 ($3.01).
Several other brokerages also recently commented on CMCX. Shore Capital upgraded shares of CMC Markets to a buy rating in a research report on Thursday, June 7th. Morgan Stanley downgraded shares of CMC Markets to an equal weight rating and boosted their price objective for the company from GBX 188 ($2.46) to GBX 197 ($2.57) in a research report on Tuesday, June 19th. Finally, Numis Securities upgraded shares of CMC Markets to a reduce rating and boosted their price objective for the company from GBX 125 ($1.63) to GBX 170 ($2.22) in a research report on Tuesday, July 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 165 ($2.16).
Shares of LON CMCX traded down GBX 0.80 ($0.01) during midday trading on Tuesday, reaching GBX 121 ($1.58). The company’s stock had a trading volume of 467,531 shares, compared to its average volume of 788,581. CMC Markets has a fifty-two week low of GBX 109.50 ($1.43) and a fifty-two week high of GBX 186.25 ($2.43). The company has a market cap of $454.32 million and a price-to-earnings ratio of 995.29.
CMC Markets Company Profile
CMC Markets plc and its subsidiaries provide online retail financial services in the United Kingdom and internationally. It operates in three segments: UK and Ireland, Europe, and Australia, New Zealand and Singapore (APAC) and Canada. The company provides its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries through its trading platform.
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