CMC Markets (LON:CMCX) Hits New 12-Month High – Here’s Why

CMC Markets Plc (LON:CMCX)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 474 and last traded at GBX 467.25, with a volume of 197483 shares trading hands. The stock had previously closed at GBX 464.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 460 price objective on shares of CMC Markets in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, CMC Markets has an average rating of “Moderate Buy” and an average target price of GBX 350.

CMC Markets Stock Performance

The company has a quick ratio of 2.47, a current ratio of 16.94 and a debt-to-equity ratio of 14.97. The stock has a market capitalization of £1.27 billion, a price-to-earnings ratio of 20.23 and a beta of 0.58. The stock’s 50-day simple moving average is GBX 388.01 and its 200 day simple moving average is GBX 341.07.

CMC Markets (LON:CMCX) last posted its quarterly earnings data on Thursday, June 4th. The company reported GBX 27.50 earnings per share for the quarter. CMC Markets had a net margin of 18.09% and a return on equity of 16.86%. The company had revenue of £376.76 million during the quarter. Analysts expect that CMC Markets Plc 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.