Marex Group plc Ordinary Shares (NASDAQ:MRX) Price Target Raised to $76.00

Marex Group plc Ordinary Shares (NASDAQ:MRX) had its price target hoisted by equities research analysts at Barclays from $60.00 to $76.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 9.83% from the company’s previous close.

Several other equities analysts have also recently commented on MRX. UBS Group upped their target price on shares of 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. Keefe, Bruyette & Woods began coverage on shares of Marex Group plc Ordinary Shares in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $60.00 price target on the stock. Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. TD Cowen upped their price objective on shares of 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. Finally, Weiss Ratings upgraded shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $67.75.

Marex Group plc Ordinary Shares Stock Up 3.0%

Shares of NASDAQ MRX opened at $69.20 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.76. The stock has a 50 day simple moving average of $58.37. The company has a market cap of $5.05 billion, a P/E ratio of 15.73 and a beta of -0.10. Marex Group plc Ordinary Shares has a 12 month low of $27.91 and a 12 month high of $69.82.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted 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. Sell-side analysts expect that Marex Group plc Ordinary Shares will post 5.35 earnings per share for the current fiscal year.

Insider Activity at Marex Group plc Ordinary Shares

In related news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $53.35, for a total value of $83,866.20. Following the completion of the transaction, the insider directly owned 207,019 shares of the company’s stock, valued at $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.79% of the company’s stock.

Hedge Funds Weigh In On Marex Group plc Ordinary Shares

A number of hedge funds have recently made changes to their positions in MRX. Vestor Capital LLC acquired a new position in shares of Marex Group plc Ordinary Shares in the 1st quarter valued at $45,000. Fifth Third Bancorp boosted its position in shares of 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 valued at $54,000 after acquiring an additional 571 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at about $214,000. Pale Fire Capital SE bought a new stake in Marex Group plc Ordinary Shares in the first quarter valued at about $239,000. Finally, Regal Partners Ltd bought a new stake in Marex Group plc Ordinary Shares in the first quarter valued at about $342,000.

Marex Group plc Ordinary Shares Company Profile

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.