Keefe, Bruyette & Woods Issues Positive Forecast for Marex Group plc Ordinary Shares (NASDAQ:MRX) Stock Price

Marex Group plc Ordinary Shares (NASDAQ:MRX) had its price target raised by investment analysts at Keefe, Bruyette & Woods from $60.00 to $80.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.81% from the company’s current price.

MRX has been the subject of a number of other research reports. Barclays upped their price objective on shares of Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen lifted their target price on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Weiss Ratings raised Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Zacks Research upgraded Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, UBS Group raised their price target on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. One 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 stock. Based on data from MarketBeat, Marex Group plc Ordinary Shares has an average rating of “Buy” and an average target price of $74.20.

Marex Group plc Ordinary Shares Price Performance

Marex Group plc Ordinary Shares stock opened at $70.29 on Friday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 15.97 and a beta of -0.10. The business’s 50 day moving average price is $58.72. 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 has a fifty-two week low of $27.91 and a fifty-two week high of $71.18.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its earnings results on Tuesday, March 31st. The company reported $1.48 EPS for the quarter. The firm had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. As a group, analysts predict that Marex Group plc Ordinary Shares will post 5.35 EPS for the current fiscal year.

Insider Activity at Marex Group plc Ordinary Shares

In related news, insider Thomas Texier sold 1,572 shares of the business’s 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 of the company’s stock, valued at approximately $11,044,463.65. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.79% of the stock is currently owned by insiders.

Institutional Trading of Marex Group plc Ordinary Shares

Several hedge funds and other institutional investors have recently modified their holdings of MRX. Fifth Third Bancorp lifted its holdings in shares of Marex Group plc Ordinary Shares by 89.5% in the first quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock valued at $54,000 after purchasing an additional 571 shares in the last quarter. Vestor Capital LLC acquired a new position in shares of Marex Group plc Ordinary Shares during the first quarter worth about $45,000. Keybank National Association OH grew its holdings in shares of Marex Group plc Ordinary Shares by 12.7% during the first 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 in the last quarter. Sei Investments Co. grew its holdings 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 worth $15,796,000 after buying an additional 2,742 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in Marex Group plc Ordinary Shares by 5.5% in the 2nd quarter. Moody National Bank Trust Division now owns 91,388 shares of the company’s stock valued at $5,570,000 after buying an additional 4,758 shares during the last quarter.

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.