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.
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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.