CMC Markets (LON:CMCX) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 165 ($2.30).
A number of equities research analysts recently commented on the stock. Numis Securities restated a “sell” rating and set a GBX 120 ($1.67) price objective on shares of CMC Markets in a report on Thursday, January 25th. Shore Capital upgraded shares of CMC Markets to a “buy” rating in a report on Thursday, March 29th. Peel Hunt restated a “buy” rating and set a GBX 210 ($2.93) price objective on shares of CMC Markets in a report on Tuesday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a GBX 170 ($2.37) price objective on shares of CMC Markets in a report on Monday, March 5th. Finally, Morgan Stanley restated an “overweight” rating and set a GBX 185 ($2.58) price objective on shares of CMC Markets in a report on Wednesday, February 7th.
Shares of LON:CMCX opened at GBX 184 ($2.57) on Tuesday. CMC Markets has a 12 month low of GBX 109.50 ($1.53) and a 12 month high of GBX 186.25 ($2.60). The firm has a market cap of $454.32 and a P/E ratio of 995.29.
CMC Markets Company Profile
CMC Markets plc, together with its subsidiaries, provides online and mobile trading services for retail and institutional clients in the United Kingdom and internationally. The company operates in three segments: UK and Ireland; Europe; and Australia, New Zealand and Singapore and Canada. It enables clients to trade various financial instruments, including indices, commodities, foreign currencies, equities, and treasuries through its trading platform.
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