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Panmure Liberum has upgraded CMC Markets PLC (LSE:CMCX, FRA:T8Q) to 'buy' from 'hold', arguing that a jump in the trading group's guidance marks a structural shift in its earnings.

The broker nearly doubled its price target on the stock, raising it to 700p from 380p.

CMC Markets, the London-listed spread betting and online trading company, on Wednesday lifted its forecast for net operating income in the financial year to March 2027.

It now expects £550 million, well above prior guidance of £460 million to £480 million.

That new figure sits at least £70 million above the top end of the previous range.

Panmure Liberum said this was not a modest beat but a re-rating of the company's whole earnings trajectory.

The analyst pointed to a disclosed earnings figure of £250 million on a measure stripping out interest, tax and other charges, implying a margin of 45%.

Crucially, the broker noted that operating costs, excluding variable staff pay, remain pinned at £280 million.

That means almost all of the extra revenue is dropping straight through to profit rather than being eaten up by higher spending.

The broker attributed the improved outlook to a run of new product launches and faster growth in the company's business-to-business arm.

It also credited the operating leverage built into the model, whereby rising revenue is not matched by rising costs.

The scale of the upgrade underlines Panmure Liberum's conviction that CMC Markets has moved onto a materially higher earnings base.

Wait until the broker get their heads around these numbers and the re rates come

Demand so high you now have to call into IG to purchase...not trading online!

Im still overweight on these but wished I'd never sold any a few months ago!

Vistry Group Plc : JP Morgan cuts target price to 430p from 530p

Share price forecast in GBX

The 16 analysts offering 12 month price targets for Vistry Group PLC have a median target of 375.00, with a high estimate of 670.00 and a low estimate of 180.00. The median estimate represents a 41.72% increase from the last price of 264.60.

Im buying more now (part 10) ...

"this is a rather unique situation, where a significant proportion of the equity has been sold short into this update. If the company doesn’t report any further bad news in the next few months, and net debt does start to reduce, then there may be significant buying pressure from those shorts closing. After all, the discount to TBV would remain even with a large haircut to land values."

Im buying more part 9!

- CMC Markets has struck a near-30 million pound deal to sponsor Everton Football Club as Premier League teams face up to a looming ban on gambling company deals.

Prepare for take off

Oh what to do????

Time to start closing out shorters

Underlying operating profit +1.5% to £159m. Volume output in FY26 is now expected to be ahead of previous guidance at between 9,300 and 9,500 homes. Average selling price anticipated to be £325k (previously £320k) due to product mix. On track to deliver FY26 underlying operating profit within the range of £320m - £330m

Down 8%.....entire sector has gone banana's

"not even the directors don’t know where this is going based on their last purchase."

Whilst I agree on failing knifes, my hand currently cut to pieces in the case of VTY, I think you miss the point with the director buying £1m in shares.

He knows the company and forecasting better than anyone. He is simply averaging down been fully aware of financial health of his own company and its future. As we are now at the bottom price of all 17 analysts who cover VTY I wouldn't be surprised to see more significant buys although as I said yesterday we are in the hands of the shorts (see today 3 new increases)

However all short funds have price targets. What that is remains to be seen, but I'd dont imagine it will be far under the bottom broker (although unfortunately we have other factors such as war and potentially delayed government funding)

One thing is a fact and that is we are trading well under the Volume Profile (Price against volume for a given time period) the average price based on this since 2020 is £5.50 so most selling are doing so at a significant give loss and given the volume over the last month of 56million shares (over double the average) at some point those sellers will dry up and those shorters must buy back what they have borrowed

Just broke out of its "Sell zone" of 340 and now showing as a weak high...momentum is now with us! (after 18 months???)

I have a rather large buy zone from 90 to 65.

Given I'm always far too early I'd look at the lower end that, although both brokers have very close prices 167 & 169 so I have this as very low risk

I'm £20k down but will very shortly double my holding

Shorts all over this and people panic selling

Early days but 380 IMHO starting to solidify , although could well be the bottom broker target of 360 (from 17 analysts)

Still buying honey x

This could unravel pretty quickly for those shorts given the size of the director buy.

Those with a euroclear account or the like will be able to see all shorts (inc under 0.49%)..a general rule of thumb is the real total is approximately double those < 0.49%, so we are probably close to 7%. I think they've got a little excited and will start to reverse just as quickly as they borrowed. Only time will tell

Buying more!

Not the only one apparently:- LIVE MARKETS – AJ Bell's DIY investors bought the dip...

Homebuilders Vistry and Taylor Wimpey were also in the top 10 most bought, despite fading expectations for rate cuts from the BoE that could have helped stimulate the housing market.

The 17 analysts offering 12 month price targets for Vistry Group PLC have a median target of 625.00, with a high estimate of 773.00 and a low estimate of 385.00. The median estimate represents a 48.14% increase from the last price of 421.90.

Sounds more like a problem with the quality of the work, contractual issues as its definitely not a cash flow problem?