RBC Capital Markets Reiterates CMC Markets (LSE:CMCX) Outperform Recommendation

Fintel reports that on September 8, 2023, RBC Capital Markets reiterated coverage of CMC Markets (LSE:CMCX) with a Outperform recommendation.

Analyst Price Forecast Suggests 83.67% Upside

As of August 31, 2023, the average one-year price target for CMC Markets is 188.44. The forecasts range from a low of 145.44 to a high of $262.50. The average price target represents an increase of 83.67% from its latest reported closing price of 102.60.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for CMC Markets is 357MM, an increase of 24.86%. The projected annual non-GAAP EPS is 0.23.

CMC Markets Maintains 7.21% Dividend Yield

At the most recent price, the company's dividend yield is 7.21%.

Additionally, the company's dividend payout ratio is 0.50. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.