CMC Markets’ (CMCX) Overweight Rating Reaffirmed at Morgan Stanley

CMC Markets (LON:CMCX)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a note issued to investors on Wednesday. They currently have a GBX 185 ($2.59) target price on the stock. Morgan Stanley’s target price indicates a potential upside of 21.39% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Numis Securities reissued a “sell” rating and set a GBX 110 ($1.54) price target on shares of CMC Markets in a research report on Thursday, November 23rd. Peel Hunt reissued a “buy” rating and set a GBX 210 ($2.94) price target on shares of CMC Markets in a research report on Monday, December 18th. Finally, Shore Capital reissued a “hold” rating on shares of CMC Markets in a research report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 163.75 ($2.30).

Shares of CMC Markets (LON:CMCX) opened at GBX 152.40 ($2.14) on Wednesday. The firm has a market cap of $428.88 and a P/E ratio of 896.47. CMC Markets has a 1 year low of GBX 107.30 ($1.50) and a 1 year high of GBX 186.25 ($2.61).

In other news, insider David Fineberg purchased 11,192 shares of CMC Markets stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of GBX 170 ($2.38) per share, with a total value of £19,026.40 ($26,677.51).

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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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