CMC Markets Plc with ticker (LON:CMCX) now has a potential downside of -39.4% according to Canaccord Genuity.
CMCX.L
Canaccord Genuity set a target price of 192 GBX for the company, which when compared to the CMC Markets Plc share price of 317 GBX at opening today (21/06/2024) indicates a potential downside of -39.4%. Trading has ranged between 87 (52 week low) and 317 (52 week high) with an average of 685,592 shares exchanging hands daily. The market capitalisation at the time of writing is £871,624,971.
CMC Markets Plc is a United Kingdom-based online financial trading company. The Company’s segments include Trading and Investing. The Company’s principal business is online trading, providing its clients with the ability to trade a variety of financial products for short-term investment and hedging purposes. These products include contracts for difference (CFD) and financial spread betting on a range of underlying shares, indices, foreign currencies, commodities, and treasuries. The Company serves retail and institutional clients through regulated offices and branches in about 12 countries with presence in the United Kingdom, Australia, Germany, and Singapore. The Company offers an online and mobile trading platform, enabling clients to trade over 12,000 financial instruments across shares, indices, foreign currencies, commodities, and treasuries through CFDs, financial spread bets, and access stockbroking services.
CMC Markets Plc -39.4% potential downside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
CMC Markets CEO Lord Peter Cruddas said the group is accelerating its expansion across B2B and institutional markets, with more than 300 global partnerships and agreements with Revolut, ASB and Westpac. ASB is expected to launch before the end of 2026, while Westpac remains on track for early 2027.
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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.
