Zacks Research lowered shares of Marex Group plc Ordinary Shares (NASDAQ:MRX – Free Report) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.
Several other equities analysts have also recently issued reports on the company. TD Cowen restated a “buy” rating on shares of Marex Group plc Ordinary Shares in a research report on Thursday, March 12th. UBS Group lifted their target price 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 began coverage on Marex Group plc Ordinary Shares in a report on Tuesday, April 7th. They issued a “hold (c-)” rating on the stock. Finally, Keefe, Bruyette & Woods started coverage on Marex Group plc Ordinary Shares in a research note on Wednesday, April 8th. They set an “outperform” rating and a $60.00 price target for the company. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.00.
Read Our Latest Stock Report on Marex Group plc Ordinary Shares
Marex Group plc Ordinary Shares Trading Up 1.8%
Marex Group plc Ordinary Shares (NASDAQ:MRX – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.48 EPS for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.20% and a return on equity of 26.40%. The company had revenue of $692.30 million for the quarter. On average, research analysts forecast that Marex Group plc Ordinary Shares will post 4.89 EPS for the current fiscal year.
Institutional Trading of Marex Group plc Ordinary Shares
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in Marex Group plc Ordinary Shares by 1,217.4% in the 1st quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock valued at $8,226,000 after acquiring an additional 170,513 shares during the last quarter. Wasatch Advisors LP grew its stake in Marex Group plc Ordinary Shares by 452.1% in the 1st quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock worth $7,628,000 after acquiring an additional 140,117 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Marex Group plc Ordinary Shares in the first quarter valued at $445,000. Keybank National Association OH increased its stake 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 acquired a new position in Marex Group plc Ordinary Shares during the first quarter worth approximately $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.
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