CMC Markets’ (CMCX) Sell Rating Reaffirmed at Numis Securities

CMC Markets (LON:CMCX)‘s stock had its “sell” rating reiterated by equities research analysts at Numis Securities in a research report issued to clients and investors on Monday. They currently have a GBX 120 ($1.62) price objective on the stock. Numis Securities’ price target indicates a potential downside of 18.23% from the company’s current price.

CMCX has been the subject of a number of other reports. Morgan Stanley raised CMC Markets to an “overweight” rating and lifted their price objective for the company from GBX 178 ($2.40) to GBX 180 ($2.42) in a research note on Friday, September 1st. Peel Hunt initiated coverage on CMC Markets in a report on Wednesday, November 8th. They issued a “buy” rating and a GBX 205 ($2.76) target price for the company. Finally, Shore Capital reiterated a “hold” rating on shares of CMC Markets in a report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 193 ($2.60).

Shares of CMC Markets (LON:CMCX) traded down GBX 21 ($0.28) during midday trading on Monday, hitting GBX 146.75 ($1.98). The stock had a trading volume of 1,504,008 shares, compared to its average volume of 398,974. CMC Markets has a twelve month low of GBX 96.50 ($1.30) and a twelve month high of GBX 186.25 ($2.51).

In other news, insider David Fineberg bought 11,192 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of GBX 170 ($2.29) per share, for a total transaction of £19,026.40 ($25,607.54). Also, insider Grant Foley bought 190 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were purchased at an average price of GBX 158 ($2.13) per share, for a total transaction of £300.20 ($404.04). Insiders have bought 33,562 shares of company stock worth $5,856,540 in the last quarter.

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CMC Markets Company Profile

CMC Markets plc is a holding company. The Company is a provider of online and mobile trading servicing both retail and institutional clients. The Company enables clients to trade over 10,000 financial instruments, including indices, commodities, foreign exchange (FX) and equities through its trading platform.

Analyst Recommendations for CMC Markets (LON:CMCX)

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