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

CMC Markets Plc (LON:CMCX) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 569.48 and last traded at GBX 568, with a volume of 4506054 shares changing hands. The stock had previously closed at GBX 458.

Wall Street Analyst Weigh In

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

CMC Markets Stock Performance

The company has a debt-to-equity ratio of 24.66, a quick ratio of 2.47 and a current ratio of 16.94. The stock has a market cap of £1.55 billion, a P/E ratio of 24.68 and a beta of 0.58. The firm’s 50 day moving average is GBX 409.16 and its 200 day moving average is GBX 355.26.

CMC Markets (LON:CMCX) last posted its earnings results on Thursday, June 4th. The company reported GBX 27.50 EPS for the quarter. The company had revenue of £376.76 million during the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. Analysts anticipate 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.