Jefferies Financial Group Reiterates Buy Rating for CMC Markets (LON:CMCX)

CMC Markets (LON:CMCX)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 500 price objective on the stock. Jefferies Financial Group’s price target indicates a potential downside of 21.75% from the stock’s current price.

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 460 target price on shares of CMC Markets in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 387.50.

CMC Markets Stock Performance

CMCX traded up GBX 181 during midday trading on Wednesday, hitting GBX 639. 5,695,147 shares of the company traded hands, compared to its average volume of 1,209,532. The company has a quick ratio of 2.47, a current ratio of 16.94 and a debt-to-equity ratio of 24.66. The firm has a market capitalization of £1.74 billion, a PE ratio of 27.66 and a beta of 0.58. The company’s 50-day moving average is GBX 409.16 and its 200 day moving average is GBX 355.26. CMC Markets has a 52 week low of GBX 203 and a 52 week high of GBX 640.

CMC Markets (LON:CMCX) last announced its quarterly earnings results on Thursday, June 4th. The company reported GBX 27.50 EPS for the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. The firm had revenue of £376.76 million during the quarter. On average, research analysts expect that CMC Markets will post 20.9884902 EPS for the current 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.