CMC Markets Plc -39.4% potential downside indicated by Canaccord Genuity

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.