Marex Group plc Ordinary Shares (NASDAQ:MRX) Given Consensus Rating of “Moderate Buy” by Analysts

Marex Group plc Ordinary Shares (NASDAQ:MRX) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $61.75.

Several equities analysts have recently weighed in on MRX shares. UBS Group raised 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 note on Thursday, April 2nd. Weiss Ratings started coverage on shares of Marex Group plc Ordinary Shares in a research note on Tuesday, April 7th. They set a “hold (c-)” rating for the company. TD Cowen raised their price target on shares of Marex Group plc Ordinary Shares from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays reaffirmed an “overweight” rating and set a $60.00 price target on shares of Marex Group plc Ordinary Shares in a research note on Monday. Finally, Keefe, Bruyette & Woods started coverage on shares of Marex Group plc Ordinary Shares in a research note on Wednesday, April 8th. They set an “outperform” rating and a $60.00 price target for the company.

Hedge Funds Weigh In On Marex Group plc Ordinary Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp grew its stake 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 buying an additional 571 shares in the last quarter. Keybank National Association OH grew its stake in shares of Marex Group plc Ordinary Shares by 12.7% in the first quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock valued at $395,000 after buying an additional 1,001 shares in the last quarter. Abel Hall LLC bought a new position in shares of Marex Group plc Ordinary Shares in the first quarter valued at $214,000. Janney Montgomery Scott LLC bought a new position in shares of Marex Group plc Ordinary Shares in the first quarter valued at $445,000. Finally, Hsbc Holdings PLC bought a new position in shares of Marex Group plc Ordinary Shares in the first quarter valued at $501,000.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX stock opened at $56.51 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 12.84 and a beta of 0.05. Marex Group plc Ordinary Shares has a 52 week low of $27.91 and a 52 week high of $56.76.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its earnings results on Tuesday, March 31st. The company reported $1.48 EPS for the quarter. The firm had revenue of $692.30 million for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. On average, analysts predict that Marex Group plc Ordinary Shares will post 5 earnings per share for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 3rd. Investors 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 currently 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.