Shares of Marex Group plc Ordinary Shares (NASDAQ:MRX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $61.75.
Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods assumed 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 objective for the company. Barclays raised their price objective on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen raised their price objective on Marex Group plc Ordinary Shares from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. 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, UBS Group raised their price objective 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.
View Our Latest Stock Report on MRX
Institutional Investors Weigh In On Marex Group plc Ordinary Shares
Marex Group plc Ordinary Shares Stock Performance
NASDAQ MRX opened at $56.22 on Monday. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 12.78 and a beta of 0.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.08 and a quick ratio of 1.07. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $58.62.
Marex Group plc Ordinary Shares (NASDAQ:MRX – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. The business had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%. As a group, equities analysts anticipate that Marex Group plc Ordinary Shares will post 5.32 EPS for the current year.
Marex Group plc Ordinary Shares Announces Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Monday, May 18th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, May 18th. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is presently 13.64%.
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.
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