CMC Markets’ (CMCX) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of CMC Markets (LON:CMCX) in a research report released on Thursday.

Other research analysts also recently issued reports about the company. Shore Capital restated a buy rating on shares of CMC Markets in a research note on Tuesday, September 25th. Morgan Stanley lowered their price objective on CMC Markets from GBX 197 ($2.57) to GBX 145 ($1.89) and set an equal weight rating for the company in a research note on Thursday, September 27th. Numis Securities upgraded CMC Markets to a hold rating and set a GBX 145 ($1.89) price objective for the company in a research note on Wednesday, September 26th. Finally, Goldman Sachs Group reduced their price target on CMC Markets from GBX 175 ($2.29) to GBX 140 ($1.83) and set a neutral rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of GBX 166.67 ($2.18).

CMCX traded up GBX 2.20 ($0.03) during trading on Thursday, reaching GBX 116.20 ($1.52). 123,226 shares of the company were exchanged, compared to its average volume of 788,581. CMC Markets has a 52 week low of GBX 109.50 ($1.43) and a 52 week high of GBX 186.25 ($2.43).

CMC Markets (LON:CMCX) last issued its quarterly earnings data on Thursday, November 22nd. The company reported GBX 2.70 ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 4.30 ($0.06) by GBX (1.60) (($0.02)).

The firm also recently declared a dividend, which will be paid on Friday, December 21st. Shareholders of record on Thursday, November 29th will be given a dividend of GBX 1.35 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 1.18%.

In other CMC Markets news, insider David Fineberg purchased 178 shares of CMC Markets stock in a transaction on Wednesday, September 5th. The stock was bought at an average price of GBX 168 ($2.20) per share, for a total transaction of £299.04 ($390.75).

About CMC Markets

CMC Markets plc and its subsidiaries provide online retail financial services in the United Kingdom and internationally. It operates in three segments: UK and Ireland, Europe, and Australia, New Zealand and Singapore (APAC) and Canada. The company provides its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries through its trading platform.

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Analyst Recommendations for CMC Markets (LON:CMCX)

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