Will the Recent Morgan Stanley Downgrade Hurt CMC Markets Plc (LON:CMCX) Shares This Week?

June 19, 2018 - By Clifton Ray

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CMC Markets Plc (LON:CMCX) Receives a Downgrade

Just today CMC Markets Plc (LON:CMCX) has been cut by investment analysts working for Morgan Stanley to a solid Equal weight rating. This was announced in a a research note made public on 19 June. The firm currently has a GBX 197.00 target on shares. Morgan Stanley’s target would suggest a possible downside of -2.81 %.

CMC Markets Plc (LON:CMCX) Ratings Coverage

Among 5 analysts covering CMC Markets Plc (LON:CMCX), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. CMC Markets Plc has GBX 230 highest and GBX 120 lowest target. GBX 179.25’s average target is -11.92% below currents GBX 203.5 stock price. CMC Markets Plc had 18 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of CMC Markets Plc (LON:CMCX) has “Equal Weight” rating given on Tuesday, May 1 by Morgan Stanley. The rating was upgraded by Shore Capital to “Buy” on Tuesday, April 3. The rating was downgraded by Morgan Stanley to “Equal Weight” on Tuesday, June 19. Peel Hunt maintained the shares of CMCX in report on Tuesday, March 27 with “Buy” rating. The firm has “Buy” rating by Peel Hunt given on Thursday, March 29. Peel Hunt maintained the stock with “Buy” rating in Wednesday, January 10 report. On Thursday, June 7 the stock rating was maintained by Peel Hunt with “Buy”. The stock of CMC Markets Plc (LON:CMCX) earned “Sell” rating by Numis Securities on Thursday, January 25. The firm has “Buy” rating by Peel Hunt given on Monday, June 4. The stock of CMC Markets Plc (LON:CMCX) has “Buy” rating given on Thursday, January 25 by Peel Hunt.

The stock increased 0.25% or GBX 0.5 during the last trading session, reaching GBX 203.5. About 168,798 shares traded. CMC Markets Plc (LON:CMCX) has 0.00% since June 19, 2017 and is . It has underperformed by 12.57% the S&P500.

CMC Markets plc, together with its subsidiaries, provides online and mobile trading services for retail and institutional clients in the United Kingdom and internationally. The company has market cap of 586.76 million GBP. The firm operates in three divisions: UK and Ireland; Europe; and Australia, New Zealand and Singapore and Canada. It has a 11.9 P/E ratio. It enables clients to trade various financial instruments, including indices, commodities, foreign currencies, equities, and treasuries through its trading platform.

Another recent and important CMC Markets Plc (LON:CMCX) news was published by Equitiesfocus.com which published an article titled: “CMC Markets (CMCX) Rating Reiterated by Peel Hunt” on June 19, 2018.

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