• Mark Watson-Mitchell

CMC Markets (LON:CMCX) – more than trebled price in last year

Last week’s interim results to end September showed clearly that this global online financial trading group is just ‘gunning’ it away currently.

So too are its shares.

The 369% pre-tax profits increase to a record £141.1m was very impressive, on the back of a 126% operating income leap to £230.9m.

The group is confident that net operating income for the year will be in excess of £370m.

Especially as it continues to invest in technology and people in both its existing CFD and stockbroking businesses.

The group’s shares hit 437.5p earlier this week but end the week after some understandable profit-taking, now at around 386.5p.

Brokers Shore Capital have a ‘buy’ rating on the group’s shares.

(Profile 17.10.19 @ 120p set a Target Price of 180p*)

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