CMC Markets (LON:CMCX) Receives “Outperform” Rating from Royal Bank Of Canada

CMC Markets (LON:CMCX)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 460 target price on the stock. Royal Bank Of Canada’s target price suggests a potential downside of 0.22% from the stock’s previous close.

CMC Markets Trading Up 7.2%

Shares of LON:CMCX opened at GBX 461 on Friday. The company has a 50 day moving average of GBX 374.01 and a 200-day moving average of GBX 331.96. The firm has a market cap of £1.26 billion, a P/E ratio of 19.96 and a beta of 0.58. CMC Markets has a twelve month low of GBX 203 and a twelve month high of GBX 465. The company has a current ratio of 172.37, a quick ratio of 2.47 and a debt-to-equity ratio of 8.41.

CMC Markets (LON:CMCX) last issued its quarterly earnings results on Thursday, June 4th. The company reported GBX 27.50 earnings per share for the quarter. The company had revenue of £376.76 million during the quarter. CMC Markets had a net margin of 17.36% and a return on equity of 14.91%. As a group, analysts anticipate that CMC Markets will post 20.9884902 earnings per share for the current fiscal year.

CMC Markets Company Profile

CMC is a leading global provider of online trading and investing, with a comprehensive retail, professional and institutional offering.
The business was started in 1989 with a simple ethos: to make financial markets truly accessible for investors. We are proud of our strong heritage and our successful 30-year track record as an innovator at the forefront of enabling digital trading for our clients.