Marex Group plc Ordinary Shares (NASDAQ:MRX) Stock Price Expected to Rise, Barclays Analyst Says

Marex Group plc Ordinary Shares (NASDAQ:MRX) had its price target boosted by analysts at Barclays from $60.00 to $76.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 15.54% from the company’s previous close.

Several other equities analysts have also recently issued reports on MRX. Keefe, Bruyette & Woods began coverage on shares of Marex Group plc Ordinary Shares in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $60.00 price objective on the stock. 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. TD Cowen boosted their price target on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, June 8th. UBS Group upped 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. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Marex Group plc Ordinary Shares currently has a consensus rating of “Buy” and a consensus price target of $74.20.

Marex Group plc Ordinary Shares Trading Down 6.4%

Marex Group plc Ordinary Shares stock opened at $65.78 on Thursday. The stock’s fifty day moving average price is $58.96. 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 market cap of $4.80 billion, a PE ratio of 14.95 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 $71.18.

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 business had revenue of $692.30 million during the quarter. As a group, sell-side analysts forecast that Marex Group plc Ordinary Shares will post 5.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $83,866.20. Following the transaction, the insider directly owned 207,019 shares of the company’s stock, valued at $11,044,463.65. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.79% of the stock is owned by corporate insiders.

Institutional Trading of Marex Group plc Ordinary Shares

Several institutional investors have recently made changes to their positions in MRX. Fifth Third Bancorp boosted its holdings in shares of Marex Group plc Ordinary Shares by 89.5% in the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after buying an additional 571 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth approximately $45,000. Keybank National Association OH grew its position in shares of Marex Group plc Ordinary Shares by 12.7% in the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock worth $395,000 after buying an additional 1,001 shares during the period. Sei Investments Co. raised its stake in 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, Moody National Bank Trust Division lifted its stake in shares of Marex Group plc Ordinary Shares by 5.5% in the second quarter. Moody National Bank Trust Division now owns 91,388 shares of the company’s stock worth $5,570,000 after buying an additional 4,758 shares in the last quarter.

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.