CMC Markets (LON:CMCX) Hits New 52-Week High at $335.50

Shares of CMC Markets Plc (LON:CMCX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 335.50 ($4.24) and last traded at GBX 332 ($4.20), with a volume of 549805 shares traded. The stock had previously closed at GBX 327 ($4.14).

Analysts Set New Price Targets

Several research firms recently weighed in on CMCX. Shore Capital reissued a “hold” rating on shares of CMC Markets in a report on Wednesday, March 27th. Canaccord Genuity Group reiterated a “sell” rating and issued a GBX 192 ($2.43) price objective on shares of CMC Markets in a research note on Tuesday, June 18th.

CMC Markets Trading Up 0.7 %

The company has a debt-to-equity ratio of 5.48, a quick ratio of 2.47 and a current ratio of 2.35. The company has a market capitalization of £930.96 million, a price-to-earnings ratio of 8,262.50 and a beta of 0.50. The firm has a fifty day moving average price of GBX 277.74 and a 200-day moving average price of GBX 204.81.

CMC Markets Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 9th. Shareholders of record on Thursday, July 11th will be issued a GBX 7.30 ($0.09) dividend. This is a positive change from CMC Markets’s previous dividend of $1.00. This represents a yield of 2.6%. The ex-dividend date is Thursday, July 11th. CMC Markets’s dividend payout ratio (DPR) is currently 12,500.00%.

Insider Transactions at CMC Markets

In other news, insider Albert Soleiman acquired 130 shares of the stock in a transaction on Friday, April 5th. The stock was acquired at an average cost of GBX 232 ($2.93) per share, for a total transaction of £301.60 ($381.48). In other news, insider David Fineberg purchased 114 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average cost of GBX 263 ($3.33) per share, for a total transaction of £299.82 ($379.23). Also, insider Albert Soleiman acquired 130 shares of CMC Markets stock in a transaction that occurred on Friday, April 5th. The shares were purchased at an average price of GBX 232 ($2.93) per share, for a total transaction of £301.60 ($381.48). In the last 90 days, insiders bought 354 shares of company stock valued at $90,392. Company insiders own 64.85% of the company’s stock.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.