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

Marex Group plc Ordinary Shares (NASDAQ:MRX) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also weighed in on MRX. Weiss Ratings raised Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Keefe, Bruyette & Woods initiated coverage on Marex Group plc Ordinary Shares in a report on Wednesday, April 8th. They issued an “outperform” rating and a $60.00 price objective for the company. Barclays lifted their price objective on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. TD Cowen lifted their price objective on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Monday. Finally, UBS Group lifted their price objective on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $63.75.

Marex Group plc Ordinary Shares Price Performance

NASDAQ MRX opened at $63.35 on Wednesday. The company has a market cap of $4.62 billion, a PE ratio of 14.40 and a beta of -0.01. Marex Group plc Ordinary Shares has a one year low of $27.91 and a one year high of $63.71. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. The business’s fifty day simple moving average is $53.85.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%.The company had revenue of $692.30 million during the quarter. Research analysts expect that Marex Group plc Ordinary Shares will post 5.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of Marex Group plc Ordinary Shares 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 completion of the transaction, the insider owned 207,019 shares of the company’s stock, valued at $11,044,463.65. The trade was a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MRX. SG Americas Securities LLC grew its holdings in Marex Group plc Ordinary Shares by 1,217.4% during the 1st quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock valued at $8,226,000 after buying an additional 170,513 shares in the last quarter. Wasatch Advisors LP grew its holdings in Marex Group plc Ordinary Shares by 452.1% during the 1st quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock valued at $7,628,000 after buying an additional 140,117 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Marex Group plc Ordinary Shares during the 1st quarter valued at about $445,000. Keybank National Association OH boosted its position in shares of 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 valued at $395,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Abel Hall LLC bought a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at about $214,000.

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.