Shore Capital Downgrades CMC Markets Plc (CMCX) to Hold
CMC Markets Plc (LON:CMCX) was downgraded by equities researchers at Shore Capital to a “hold” rating in a research report issued to clients and investors on Monday.
Several other research firms also recently commented on CMCX. Numis Securities Ltd reissued a “sell” rating and set a GBX 100 ($1.27) price objective on shares of CMC Markets Plc in a report on Tuesday, May 9th. Morgan Stanley reissued an “equal weight” rating and set a GBX 140 ($1.78) price objective on shares of CMC Markets Plc in a report on Thursday, April 13th.
CMC Markets Plc (LON:CMCX) traded down 3.12% during midday trading on Monday, reaching GBX 147.25. The company had a trading volume of 183,492 shares. The company’s market capitalization is GBX 423.33 million. The firm has a 50-day moving average price of GBX 130.61 and a 200-day moving average price of GBX 122.41. CMC Markets Plc has a 52 week low of GBX 90.95 and a 52 week high of GBX 293.60.
The business also recently disclosed a dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 3rd will be issued a dividend of GBX 5.95 ($0.08) per share. This represents a dividend yield of 4.43%. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from CMC Markets Plc’s previous dividend of $2.98.
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In related news, insider Grant Foley acquired 234 shares of the company’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of GBX 128 ($1.63) per share, with a total value of £299.52 ($381.60).
CMC Markets Plc Company Profile
CMC Markets plc is a holding company. The Company is a provider of online and mobile trading servicing both retail and institutional clients. The Company enables clients to trade over 10,000 financial instruments, including indices, commodities, foreign exchange (FX) and equities through its trading platform.
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