CMC Markets Plc (CMCX) Earns Buy Rating from Peel Hunt

CMC Markets Plc (LON:CMCX)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research report issued on Thursday. They presently have a GBX 205 ($2.70) price target on the stock. Peel Hunt’s price objective points to a potential upside of 17.99% from the company’s current price.

A number of other equities research analysts have also recently weighed in on CMCX. Shore Capital reaffirmed a “hold” rating on shares of CMC Markets Plc in a research note on Thursday, July 27th. Morgan Stanley raised CMC Markets Plc to an “overweight” rating and lifted their price objective for the company from GBX 178 ($2.34) to GBX 180 ($2.37) in a research note on Friday, September 1st. Finally, Numis Securities Ltd reaffirmed a “sell” rating and issued a GBX 100 ($1.32) price objective on shares of CMC Markets Plc in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 188 ($2.47).

Shares of CMC Markets Plc (CMCX) opened at GBX 173.75 ($2.29) on Thursday. CMC Markets Plc has a one year low of GBX 90.95 ($1.20) and a one year high of GBX 206.10 ($2.71).

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In related news, insider David Fineberg bought 180 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was purchased at an average cost of GBX 166 ($2.18) per share, with a total value of £298.80 ($393.00). Also, insider Grant Foley bought 190 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of GBX 158 ($2.08) per share, with a total value of £300.20 ($394.84). Insiders bought 568 shares of company stock valued at $89,798 over the last ninety days.

About CMC Markets Plc

CMC Markets plc is a holding company. The Company is a provider of online and mobile trading servicing both retail and institutional clients. The Company enables clients to trade over 10,000 financial instruments, including indices, commodities, foreign exchange (FX) and equities through its trading platform.

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