Insider Buying: CMC Markets Plc (CMCX) Insider Acquires 238 Shares of Stock

CMC Markets Plc (LON:CMCX) insider Grant Foley acquired 238 shares of the stock in a transaction dated Monday, January 7th. The stock was acquired at an average price of GBX 126 ($1.65) per share, for a total transaction of £299.88 ($391.85).

LON:CMCX opened at GBX 123.80 ($1.62) on Friday. CMC Markets Plc has a 1-year low of GBX 109.50 ($1.43) and a 1-year high of GBX 186.25 ($2.43).

CMC Markets (LON:CMCX) last released its earnings results on Thursday, November 22nd. The company reported GBX 2.70 ($0.04) earnings per share for the quarter, missing the consensus estimate of GBX 4.30 ($0.06) by GBX (1.60) (($0.02)).

The company also recently announced a dividend, which was paid on Friday, December 21st. Investors of record on Thursday, November 29th were paid a GBX 1.35 ($0.02) dividend. The ex-dividend date was Thursday, November 29th. This represents a dividend yield of 1.18%.

CMCX has been the subject of several analyst reports. Peel Hunt reissued a “buy” rating on shares of CMC Markets in a research note on Tuesday. Shore Capital decreased their target price on shares of CMC Markets from GBX 200 ($2.61) to GBX 190 ($2.48) and set a “buy” rating for the company in a research note on Thursday, December 6th. Morgan Stanley decreased their target price on shares of 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 raised shares of CMC Markets to a “hold” rating and set a GBX 145 ($1.89) target price for the company in a research note on Wednesday, September 26th. Finally, Goldman Sachs Group decreased their target price on shares of CMC Markets from GBX 175 ($2.29) to GBX 140 ($1.83) and set a “neutral” rating for the company in a research note on Tuesday, November 20th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 165 ($2.16).

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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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