Market's view on CMC Markets
Published on April 2024
- There are predictions about the company moving into the top 250 imminently, which implies increased interest from funds in acquiring stock.
- A stock watcher noted a potential breakout in stock performance today.
- Positive reviews about the CMC Invest app, highlighting good customer service and competitive fixed cost pricing, though it has limited stock coverage.
- CMC Markets shares have increased following an upgrade in guidance and brokers boosting forecasts.
- RBC has raised the price target for CMC Markets to 240 pence, marking it as ‘outperform’.
- Stock watchers are querying changes in EPS forecasts and how net operating income estimates might translate to EPS.
- Comments reflect excitement about the stock’s progress, mentioning significant price changes over the past few months.
- CMC Markets Plc issued a trading update expecting FY 2024 net operating income to exceed the top end of the previously guided range.
- Mention of a new buyback with significant shareholding retained by the founder, which could uplift the stock.
- Criticism of CMC Market practices, including claims of fraudulent activities and negative equity, suggesting that the company might lose out to other brokerage firms.