Numis Securities Reaffirms Sell Rating for CMC Markets (CMCX)

CMC Markets (LON:CMCX)‘s stock had its “sell” rating restated by investment analysts at Numis Securities in a research note issued on Thursday. They currently have a GBX 120 ($1.63) target price on the stock. Numis Securities’ target price points to a potential downside of 26.11% from the company’s previous close.

CMCX has been the topic of several other reports. Peel Hunt reissued a “buy” rating and set a GBX 210 ($2.85) price objective on shares of CMC Markets in a research report on Thursday. Shore Capital reissued a “hold” rating on shares of CMC Markets in a research report on Thursday. One investment 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. The stock presently has an average rating of “Hold” and a consensus price target of GBX 193 ($2.62).

CMC Markets (LON:CMCX) traded up GBX 0.60 ($0.01) during midday trading on Thursday, hitting GBX 162.40 ($2.20). 1,036,040 shares of the company were exchanged, compared to its average volume of 638,232. The stock has a market cap of $467.88 and a P/E ratio of 955.29. CMC Markets has a 1 year low of GBX 100.98 ($1.37) and a 1 year high of GBX 186.25 ($2.53).

In other news, insider Grant Foley bought 190 shares of CMC Markets stock in a transaction dated Monday, November 6th. The stock was bought at an average price of GBX 158 ($2.14) per share, for a total transaction of £300.20 ($407.11). Also, insider David Fineberg bought 22,000 shares of CMC Markets stock in a transaction dated Friday, November 24th. The stock was purchased at an average price of GBX 177 ($2.40) per share, with a total value of £38,940 ($52,807.16). Insiders have acquired a total of 33,382 shares of company stock worth $5,826,660 over the last three months.

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CMC Markets 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.

Analyst Recommendations for CMC Markets (LON:CMCX)

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