Peel Hunt Reiterates “Buy” Rating for CMC Markets (CMCX)

Peel Hunt reissued their buy rating on shares of CMC Markets (LON:CMCX) in a research report report published on Tuesday morning.

CMCX has been the subject of several other reports. Shore Capital dropped their price target on CMC Markets from GBX 230 ($3.01) to GBX 200 ($2.61) and set a buy rating for the company in a research note on Thursday, November 22nd. Morgan Stanley dropped their price target on CMC Markets from GBX 197 ($2.57) to GBX 145 ($1.89) and set an equal weight rating for the company in a research note on Thursday, September 27th. Goldman Sachs Group dropped their price target on CMC Markets from GBX 175 ($2.29) to GBX 140 ($1.83) and set a neutral rating for the company in a research note on Tuesday, November 20th. Finally, Numis Securities upgraded CMC Markets to a hold rating and set a GBX 145 ($1.89) price target for the company in a research note on Wednesday, September 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 165 ($2.16).

CMC Markets stock opened at GBX 123.80 ($1.62) on Tuesday. CMC Markets has a 52 week low of GBX 109.50 ($1.43) and a 52 week high of GBX 186.25 ($2.43).

CMC Markets (LON:CMCX) last announced its quarterly earnings results on Thursday, November 22nd. The company reported GBX 2.70 ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 4.30 ($0.06) by GBX (1.60) (($0.02)).

The business also recently announced a dividend, which was paid on Friday, December 21st. Stockholders of record on Thursday, November 29th were given a GBX 1.35 ($0.02) dividend. This represents a dividend yield of 1.18%. The ex-dividend date was Thursday, November 29th.

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

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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