CMC Markets (CMCX) Receives “Overweight” Rating from Morgan Stanley

CMC Markets (LON:CMCX)‘s stock had its “overweight” rating reissued by equities research analysts at Morgan Stanley in a report released on Wednesday. They presently have a GBX 185 ($2.59) target price on the stock. Morgan Stanley’s price objective would indicate a potential upside of 21.23% from the company’s current price.

CMCX has been the topic of several other reports. Peel Hunt started coverage on shares of CMC Markets in a research report on Wednesday, November 8th. They set a “buy” rating and a GBX 205 ($2.87) price objective on the stock. Numis Securities restated a “sell” rating and set a GBX 120 ($1.68) target price on shares of CMC Markets in a research note on Monday, December 18th. Finally, Shore Capital restated a “hold” rating on shares of CMC Markets in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 163.75 ($2.30).

Shares of CMC Markets (LON CMCX) opened at GBX 152.60 ($2.14) on Wednesday. CMC Markets has a 1 year low of GBX 107.30 ($1.50) and a 1 year high of GBX 186.25 ($2.61). The company has a market cap of $443.37 and a PE ratio of 897.65.

In related news, insider David Fineberg bought 22,000 shares of the stock in a transaction on Friday, November 24th. The shares were acquired at an average price of GBX 177 ($2.48) per share, for a total transaction of £38,940 ($54,598.99).

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CMC Markets Company Profile

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.

Analyst Recommendations for CMC Markets (LON:CMCX)

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