Analysts Set Marex Group plc Ordinary Shares (NASDAQ:MRX) Target Price at $63.75

Shares of Marex Group plc Ordinary Shares (NASDAQ:MRXGet Free Report) have been given an average rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $63.75.

Several equities analysts have recently commented on the company. Zacks Research upgraded Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Weiss Ratings raised 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. Keefe, Bruyette & Woods initiated coverage on shares of Marex Group plc Ordinary Shares in a report on Wednesday, April 8th. They set an “outperform” rating and a $60.00 target price on the stock. Barclays raised their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, TD Cowen boosted their price target on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a report on Monday, June 8th.

Check Out Our Latest Research Report on MRX

Insider Buying and Selling

In related news, insider Thomas Texier sold 1,572 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in Marex Group plc Ordinary Shares by 1,217.4% in the first quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock valued at $8,226,000 after purchasing an additional 170,513 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Marex Group plc Ordinary Shares by 452.1% during the first 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 during the last quarter. Entropy Technologies LP purchased a new stake in shares of Marex Group plc Ordinary Shares during the first quarter valued at about $379,000. Sei Investments Co. lifted its position in shares of Marex Group plc Ordinary Shares by 0.8% during the first quarter. Sei Investments Co. now owns 354,325 shares of the company’s stock valued at $15,796,000 after buying an additional 2,742 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Marex Group plc Ordinary Shares by 12.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 42,970 shares of the company’s stock valued at $1,916,000 after buying an additional 4,766 shares in the last quarter.

Marex Group plc Ordinary Shares Stock Up 1.2%

NASDAQ:MRX traded up $0.80 during midday trading on Tuesday, hitting $67.14. The stock had a trading volume of 248,971 shares, compared to its average volume of 934,819. Marex Group plc Ordinary Shares has a one year low of $27.91 and a one year high of $67.81. The stock has a market capitalization of $4.90 billion, a P/E ratio of 15.26 and a beta of -0.10. The company’s 50-day simple moving average is $57.80. 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:MRXGet Free Report) last issued its earnings results 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 business had revenue of $692.30 million during the quarter. On average, sell-side analysts anticipate that Marex Group plc Ordinary Shares will post 5.35 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, May 18th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is presently 14.55%.

Marex Group plc Ordinary Shares Company Profile

(Get Free Report)

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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Analyst Recommendations for Marex Group plc Ordinary Shares (NASDAQ:MRX)

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