CMC Markets Plc with ticker (LON:CMCX) now has a potential upside of 29.4% according to RBC Capital Markets.
RBC Capital Markets set a target price of 140 GBX for the company, which when compared to the CMC Markets Plc share price of 108 GBX at opening today (29/09/2023) indicates a potential upside of 29.4%. Trading has ranged between 98 (52 week low) and 271 (52 week high) with an average of 556,238 shares exchanging hands daily. The market capitalisation at the time of writing is £296,520,382.
CMC Markets Plc is a United Kingdom-based financial trading company. The Company’s principal business is providing leveraged online retail financial services and providing its clients with the ability to trade contracts for difference (CFD) and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries. It offers an online and mobile trading platform, enabling clients to trade over 10,000 financial instruments. The Company also makes these services available to institutional partners through white label and introducing broker arrangements. The Company operates through four segments: UK and Ireland (UK & IE), Europe, Australia, New Zealand, and Singapore (APAC) and Canada; and Australia. It serves retail and institutional clients through regulated offices and branches in 12 countries, with a presence in the United Kingdom, Australia, Germany, and Singapore.
CMC Markets Plc 29.4% potential upside indicated by RBC Capital Markets
- Written by: Charlotte Edwards
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Latest Company News
CMC Markets CEO Lord Peter Cruddas has purchased 23,011 shares for approximately £139,000 and intends to invest up to £5 million in the company, including the shares acquired today.
CMC Markets is adding a simulated proprietary trading programme and a read-only ChatGPT connection for UK CFD clients as it expands its technology-focused services.
CMC Markets MD Chris Cheverall discusses rising demand for 24/7 market access, the expansion of CMC Connect, API technology and how AI could create new distribution opportunities across the institutional business.
CMC Markets has integrated ChatGPT with selected UK CFD accounts, giving clients conversational access to account, position and market information while keeping trading execution outside the AI tool.
CMC Markets is targeting a future built around 24/7 market access, deeper institutional partnerships and AI-enabled distribution. Chris Cheverall explains how CMC Connect is using liquidity, APIs and its product manufacturing capabilities to expand the opportunities available to partners.
Premier Miton’s Gervais Williams discusses how CMC Markets’ expanding institutional and B2B operations, strong technology platform and new client wins are improving earnings quality, supporting dividend growth and strengthening the investment case.
