CMC Markets Plc (CMCX) Receives GBX 158 Average Price Target from Brokerages

CMC Markets Plc (LON:CMCX) has received a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 158 ($2.06).

Several equities analysts recently commented on CMCX shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 200 ($2.61) target price (down previously from GBX 230 ($3.01)) on shares of CMC Markets in a report on Tuesday, September 25th. Shore Capital reduced their target price on shares of CMC Markets from GBX 230 ($3.01) to GBX 200 ($2.61) and set a “buy” rating on the stock in a report on Thursday, November 22nd. Morgan Stanley reduced their target price on shares of CMC Markets from GBX 197 ($2.57) to GBX 145 ($1.89) and set an “equal weight” rating on the stock in a report on Thursday, September 27th. Goldman Sachs Group reduced their target price on shares of CMC Markets from GBX 175 ($2.29) to GBX 140 ($1.83) and set a “neutral” rating on the stock in a report on Tuesday, November 20th. Finally, Numis Securities raised shares of CMC Markets to a “hold” rating and set a GBX 145 ($1.89) target price on the stock in a report on Wednesday, September 26th.

Shares of LON:CMCX opened at GBX 123.80 ($1.62) on Wednesday. CMC Markets has a one year low of GBX 109.50 ($1.43) and a one year high of GBX 186.25 ($2.43).

CMC Markets (LON:CMCX) last issued its quarterly earnings results 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 announced a dividend, which was paid on Friday, December 21st. Investors of record on Thursday, November 29th were issued a dividend of GBX 1.35 ($0.02) per share. This represents a dividend yield of 1.18%. The ex-dividend date was Thursday, November 29th.

In other news, insider David Fineberg purchased 240 shares of the business’s stock in a transaction on Monday, November 5th. The shares were acquired at an average price of GBX 124 ($1.62) per share, with a total value of £297.60 ($388.87). Also, insider Grant Foley purchased 238 shares of the business’s stock in a transaction on Monday, January 7th. The stock was purchased at an average cost of GBX 126 ($1.65) per share, for a total transaction of £299.88 ($391.85).

CMC Markets Company Profile

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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