CMC Markets (LON:CMCX) Hits New 12-Month High – Here’s Why

CMC Markets Plc (LON:CMCX) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 474 and last traded at GBX 467.25, with a volume of 197483 shares changing hands. The stock had previously closed at GBX 464.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 460 price target on shares of CMC Markets in a report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CMC Markets has an average rating of “Moderate Buy” and an average price target of GBX 350.

CMC Markets Trading Up 0.7%

The business’s 50 day moving average price is GBX 388.01 and its 200-day moving average price is GBX 341.07. The company has a market cap of £1.27 billion, a price-to-earnings ratio of 20.23 and a beta of 0.58. The company has a debt-to-equity ratio of 14.97, a quick ratio of 2.47 and a current ratio of 16.94.

CMC Markets (LON:CMCX) last issued its earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share for the quarter. The business 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, research analysts forecast that CMC Markets Plc will post 20.9884902 EPS 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.