CMC Markets (CMCX) Reaches New 52-Week Low at $130.00

CMC Markets Plc (LON:CMCX) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 130 ($1.69) and last traded at GBX 147.40 ($1.92), with a volume of 3332176 shares trading hands. The stock had previously closed at GBX 165.40 ($2.15).

A number of research analysts have issued reports on CMCX shares. Numis Securities upgraded shares of CMC Markets to a “reduce” rating and upped their price target for the company from GBX 125 ($1.63) to GBX 170 ($2.21) in a research note on Tuesday, July 24th. Shore Capital upgraded shares of CMC Markets to a “buy” rating in a research note on Thursday, June 7th. Peel Hunt restated a “buy” rating and set a GBX 230 ($3.00) price target (up previously from GBX 220 ($2.87)) on shares of CMC Markets in a research note on Monday, June 4th. Finally, Morgan Stanley lowered shares of CMC Markets to an “equal weight” rating and upped their price target for the company from GBX 188 ($2.45) to GBX 197 ($2.57) in a research note on Tuesday, June 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 191.75 ($2.50).

The firm has a market cap of $454.32 million and a P/E ratio of 995.29.

In other CMC Markets news, insider David Fineberg acquired 178 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were acquired at an average cost of GBX 168 ($2.19) per share, with a total value of £299.04 ($389.53).

CMC Markets Company Profile (LON:CMCX)

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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