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  • Writer's pictureMark Watson-Mitchell

CMC Markets (LON:CMCX) - excellent Q3 update news

At least three brokers came out with Buy advice after this global online financial trading company announced its third quarter Update on Thursday.

The company is now looking to beat expectations for the year after it reported a stronger client retention in those three months.

RBC Capital Markets rate the shares as Outperform, upgrading their 145p prediction to 170p. Shore Capital go for 160p and Peel Hunt for 180p.

I think that they are all too conservative in their price aspirations. This group is getting things right and its target of more global partnerships has strong potential.

The shares close the week at 165p, up 15p from their week’s low of 150p.

Profile 17.10.19 @ 120p set an end 2020 Target Price at 180p.

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