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CMC Markets rises as Peel Hunt reinitiates with 'buy' rating

By Reuters News9 hours ago Updated

** Shares of CMC Markets CMCX.L up 3.8% at 705p

** Peel Hunt reinitiates its coverage on CMCX with a "buy" rating and price target of 900p

** "We think a business where partner-led revenue is growing at more than twice the rate of direct business warrants more than that, and we see the rating as the source of most of the upside," says Peel Hunt

** All four analysts covering the stock have a "buy" or higher rating; median PT is 760p - LSEG data

** YTD, stock has more than doubled

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