Marex Group plc Ordinary Shares (NASDAQ:MRX) Price Target Raised to $90.00

Marex Group plc Ordinary Shares (NASDAQ:MRX) had its price target lifted by research analysts at Keefe, Bruyette & Woods from $80.00 to $90.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 22.02% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Piper Sandler upped their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Jefferies Financial Group boosted their price target on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Zacks Research raised shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Finally, Compass Point set a $80.00 price objective on shares of Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $78.00.

Marex Group plc Ordinary Shares Trading Up 3.7%

Shares of MRX traded up $2.63 during trading hours on Thursday, hitting $73.76. 109,939 shares of the stock traded hands, compared to its average volume of 893,914. The firm has a fifty day simple moving average of $63.49. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 16.76 and a beta of -0.10. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $74.00. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.28. The firm had revenue of $695.80 million during the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%.Marex Group plc Ordinary Shares’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts expect that Marex Group plc Ordinary Shares will post 5.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $53.35, for a total value of $83,866.20. Following the sale, the insider directly owned 207,019 shares in the company, valued at approximately $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.79% of the company’s stock.

Institutional Trading of Marex Group plc Ordinary Shares

Large investors have recently made changes to their positions in the company. Vestor Capital LLC acquired a new stake in Marex Group plc Ordinary Shares during the 1st quarter worth $45,000. Fifth Third Bancorp lifted its holdings in 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. Great Lakes Advisors LLC acquired a new position in Marex Group plc Ordinary Shares in the second quarter valued at about $191,000. Abel Hall LLC bought a new stake in shares of Marex Group plc Ordinary Shares in the first quarter worth about $214,000. Finally, Pale Fire Capital SE bought a new stake in shares of Marex Group plc Ordinary Shares in the first quarter worth about $239,000.

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.