Marex Group plc Ordinary Shares (NASDAQ:MRX) Receives Average Recommendation of “Buy” from Analysts

Marex Group plc Ordinary Shares (NASDAQ:MRX) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $75.1429.

A number of equities analysts have recently commented on the stock. Compass Point set a $80.00 price target on shares of Marex Group plc Ordinary Shares in a report on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Jefferies Financial Group increased their target price on Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, TD Cowen raised their price target on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, June 8th.

Insider Activity at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $53.35, for a total transaction of $83,866.20. Following the transaction, the insider directly owned 207,019 shares in the company, valued at approximately $11,044,463.65. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.79% of the company’s stock.

Institutional Trading of Marex Group plc Ordinary Shares

A number of hedge funds have recently bought and sold shares of MRX. Vestor Capital LLC purchased a new stake in Marex Group plc Ordinary Shares in the first quarter worth approximately $45,000. Fifth Third Bancorp raised its stake in shares of Marex Group plc Ordinary Shares by 89.5% during the first quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after acquiring an additional 571 shares in the last quarter. Abel Hall LLC purchased a new position in shares of Marex Group plc Ordinary Shares during the first quarter worth approximately $214,000. Pale Fire Capital SE bought a new stake in shares of Marex Group plc Ordinary Shares in the 1st quarter worth approximately $239,000. Finally, Regal Partners Ltd bought a new stake in shares of Marex Group plc Ordinary Shares in the 1st quarter worth approximately $342,000.

Marex Group plc Ordinary Shares Trading Down 1.5%

MRX stock opened at $64.92 on Friday. The stock has a 50 day moving average of $61.83. The company has a market capitalization of $4.74 billion, a PE ratio of 14.75 and a beta of -0.10. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.07 and a current ratio of 1.08. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $71.18.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. The business had revenue of $692.30 million during the quarter. As a group, sell-side analysts forecast that Marex Group plc Ordinary Shares will post 5.56 EPS for the current fiscal year.

About Marex Group plc Ordinary Shares

Marex Group PLC is a financial services platform, providing liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The Group’s operating segments are: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate. Maximum revenue is generated from the Agency and Execution segment, which offers liquidity and execution services to clients mainly in the energy and financial securities markets by connecting buyers and sellers in the energy markets, offering liquidity and risk management solutions for financial markets, and providing clearing, custody, capital introduction, portfolio financing, and outsourced trading services.