Insider Selling: CMC Markets Plc (CMCX) Insider Sells £14,747.63 in Stock

CMC Markets Plc (LON:CMCX) insider Clare Salmon sold 13,051 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of GBX 113 ($1.48), for a total transaction of £14,747.63 ($19,270.39).

CMCX stock opened at GBX 112.40 ($1.47) on Monday. CMC Markets Plc has a one year low of GBX 109.50 ($1.43) and a one year high of GBX 186.25 ($2.43).

CMC Markets (LON:CMCX) last released 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 company also recently declared a dividend, which will be paid on Friday, December 21st. Investors of record on Thursday, November 29th will be given a dividend of GBX 1.35 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 1.18%.

Several research analysts recently issued reports on the stock. Morgan Stanley reduced their target price on shares of CMC Markets from GBX 197 ($2.57) to GBX 145 ($1.89) and set an “equal weight” rating for the company in a report on Thursday, September 27th. Numis Securities raised shares of CMC Markets to a “hold” rating and set a GBX 145 ($1.89) target price for the company in a report on Wednesday, September 26th. Shore Capital reissued a “buy” rating on shares of CMC Markets in a report on Tuesday, September 25th. Peel Hunt reissued a “buy” rating and set a GBX 200 ($2.61) target price (down previously from GBX 230 ($3.01)) on shares of CMC Markets in a report on Tuesday, September 25th. Finally, Goldman Sachs Group reduced their target price on shares of CMC Markets from GBX 175 ($2.29) to GBX 140 ($1.83) and set a “neutral” rating for the company in a report on Tuesday, November 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CMC Markets has an average rating of “Buy” and an average target price of GBX 166.67 ($2.18).

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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.

See Also: Buyback For Investors Defined

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