CMC Markets (CMCX)

Up
Share Price:
732.00p
Market Cap:
£2,066.39m
Change Today:
6.00p
Sector:
Financials

CMC Markets tumbles after very short update

By Michele Maatouk

Date: Thursday 23 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Shares in CMC Markets tumbled on Thursday after the trading platform issued a very brief trading update, saying it remains on track to deliver annual net operating income in line with previous guidance.
In an update for the period from 1 October to the end of December 2024, the company also said it was still set to meet its costs guidance of about £225m, excluding variable remuneration and non-recurring charges.

At 1100 GMT, the shares were down 14% at 227.50p.

Shore Capital analyst Vivek Raja said: "The share price has been strong over the past couple of weeks, so to the extent the market was expecting a more positive trading update today (perhaps more news on how the Revolut partnership has progressed), we could imagine weakness today."

Shore has a 'hold' recommendation on the stock.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CMC Markets Market Data

Currency UK Pounds
Price 732.00p
Change Today 6.00p
52 Week High 749.00p
52 Week Low 206.00p
Volume 312,402
Shares Issued 282.29m
Market Cap £2,066.39m

Performance Indicators

Compare performance with the sector and the market.

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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 7
buy
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