CMC Markets (LON:CMCX) Hits New 12-Month High – Should You Buy?

CMC Markets Plc (LON:CMCX) reached a new 52-week high during trading on Friday . The company traded as high as GBX 468 and last traded at GBX 453.72, with a volume of 7395745 shares traded. The stock had previously closed at GBX 430.

CMC Markets News Roundup

Here are the key news stories impacting CMC Markets this week:

• Positive Sentiment: CMC Markets said its 2027 operating income is expected to come in ahead of market expectations, suggesting continued momentum beyond the current year. Reuters article
• Positive Sentiment: The company reported record quarterly results, including GBX 27.50 EPS and £376.76 million in revenue, which reinforced the view that institutional partnerships and Australian growth are driving earnings. Yahoo Finance article
• Positive Sentiment: Royal Bank of Canada reaffirmed an “Outperform” rating on CMC Markets and set a GBX 460 price target, supporting the bullish move in the stock. Sharecast broker views
• Neutral Sentiment: Coverage highlighting the recent share rally and valuation may be adding to trading interest, but it does not materially change the company’s fundamentals. Yahoo Finance article

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 460 target price on shares of CMC Markets in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CMC Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 350.

CMC Markets Stock Up 5.6%

The stock has a market capitalization of £1.24 billion, a price-to-earnings ratio of 19.65 and a beta of 0.58. The firm’s fifty day moving average is GBX 376.16 and its 200-day moving average is GBX 332.81. The company has a debt-to-equity ratio of 14.97, a current ratio of 16.94 and a quick ratio of 2.47.

CMC Markets (LON:CMCX) last posted its quarterly earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share (EPS) for the quarter. The firm had revenue of £376.76 million for the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. On average, sell-side analysts predict that CMC Markets Plc will post 20.9884902 earnings per share for the current year.

CMC Markets Company Profile

CMC is a leading global provider of online trading and investing, with a comprehensive retail, professional and institutional offering.
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. We are proud of our strong heritage and our successful 30-year track record as an innovator at the forefront of enabling digital trading for our clients.