CMC Markets’ (CMCX) “Buy” Rating Reaffirmed at Peel Hunt

CMC Markets (LON:CMCX)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They presently have a GBX 210 ($2.85) price objective on the stock. Peel Hunt’s price target points to a potential upside of 29.31% from the company’s previous close.

CMCX has been the subject of several other reports. Numis Securities restated a “sell” rating and set a GBX 110 ($1.49) target price on shares of CMC Markets in a research note on Thursday, November 23rd. Shore Capital reiterated a “hold” rating on shares of CMC Markets in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 193 ($2.62).

CMC Markets (CMCX) traded up GBX 0.60 ($0.01) during midday trading on Thursday, reaching GBX 162.40 ($2.20). The company’s stock had a trading volume of 1,036,040 shares, compared to its average volume of 638,232. CMC Markets has a 12-month low of GBX 100.98 ($1.37) and a 12-month high of GBX 186.25 ($2.53). The company has a market capitalization of $467.88 and a PE ratio of 955.29.

In other news, insider Grant Foley purchased 190 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of GBX 158 ($2.14) per share, for a total transaction of £300.20 ($407.11). Also, insider David Fineberg purchased 11,192 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was purchased at an average price of GBX 170 ($2.31) per share, with a total value of £19,026.40 ($25,802.01). Insiders bought a total of 33,382 shares of company stock valued at $5,826,660 over the last quarter.

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About CMC Markets

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.

Analyst Recommendations for CMC Markets (LON:CMCX)

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