Marex Group plc Ordinary Shares (NASDAQ:MRX) Stock Rating Lowered by Zacks Research

Marex Group plc Ordinary Shares (NASDAQ:MRX) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently commented on the company. Keefe, Bruyette & Woods began coverage on Marex Group plc Ordinary Shares in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $60.00 price target for the company. UBS Group upped their price target on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings assumed coverage on Marex Group plc Ordinary Shares in a research note on Tuesday, April 7th. They issued a “hold (c-)” rating for the company. Finally, TD Cowen reissued a “buy” rating on shares of Marex Group plc Ordinary Shares in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Marex Group plc Ordinary Shares Stock Up 1.8%

Shares of MRX stock opened at $53.22 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.09 and a quick ratio of 1.07. The stock has a market capitalization of $3.88 billion, a PE ratio of 13.68 and a beta of 0.05. Marex Group plc Ordinary Shares has a one year low of $27.91 and a one year high of $54.60.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.08. The company had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a return on equity of 26.40% and a net margin of 15.20%. As a group, research analysts expect that Marex Group plc Ordinary Shares will post 4.89 EPS for the current year.

Institutional Trading of Marex Group plc Ordinary Shares

A number of large investors have recently bought and sold shares of MRX. Fifth Third Bancorp increased its stake in Marex Group plc Ordinary Shares by 89.5% during the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after purchasing an additional 571 shares in the last quarter. Abel Hall LLC bought a new stake in Marex Group plc Ordinary Shares during the 1st quarter worth approximately $214,000. Keybank National Association OH increased its stake in Marex Group plc Ordinary Shares by 12.7% during the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock worth $395,000 after purchasing an additional 1,001 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Marex Group plc Ordinary Shares during the 1st quarter worth approximately $445,000. Finally, Hsbc Holdings PLC acquired a new position in Marex Group plc Ordinary Shares during the 1st quarter worth approximately $501,000.

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.