Zacks Research Upgrades Marex Group plc Ordinary Shares (NASDAQ:MRX) to Strong-Buy

Marex Group plc Ordinary Shares (NASDAQ:MRX) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods started coverage on shares of Marex Group plc Ordinary Shares in a research report on Wednesday, April 8th. They set an “outperform” rating and a $60.00 price target on the stock. UBS Group lifted their price target on shares of 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. TD Cowen lifted their price target on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, Barclays lifted their price target on shares of Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $63.75.

Marex Group plc Ordinary Shares Stock Performance

MRX opened at $63.35 on Wednesday. The stock’s fifty day simple moving average is $53.85. 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 52 week low of $27.91 and a 52 week high of $63.71. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 14.40 and a beta of -0.01.

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

Insider Buying and Selling

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. Corporate insiders own 3.79% of the company’s stock.

Institutional Investors Weigh In On Marex Group plc Ordinary Shares

Several institutional investors have recently added to or reduced their stakes in MRX. SG Americas Securities LLC lifted its position 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 in the last quarter. Wasatch Advisors LP lifted its position 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 valued at $7,628,000 after acquiring an additional 140,117 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Marex Group plc Ordinary Shares in the 1st quarter valued at $445,000. Keybank National Association OH lifted its position in 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 valued at $395,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Abel Hall LLC bought a new stake in Marex Group plc Ordinary Shares in the 1st quarter valued at $214,000.

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.