Marex Group plc Ordinary Shares (NASDAQ:MRX - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Other equities analysts have also recently issued reports about the stock. Weiss Ratings initiated 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. 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 report on Thursday, April 2nd. Keefe, Bruyette & Woods began 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 price objective on the stock. Finally, TD Cowen reaffirmed a "buy" rating on shares of Marex Group plc Ordinary Shares in a research report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.
Read Our Latest Report on MRX
Marex Group plc Ordinary Shares Price Performance
MRX opened at $53.22 on Monday. The company has a market capitalization of $3.88 billion, a PE ratio of 13.68 and a beta of 0.05. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.09 and a quick ratio of 1.07. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $54.60.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Marex Group plc Ordinary Shares by 1,217.4% during the first quarter. SG Americas Securities LLC now owns 184,519 shares of the company's stock worth $8,226,000 after buying an additional 170,513 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of 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 buying an additional 140,117 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Marex Group plc Ordinary Shares in the 1st quarter valued at $445,000. Keybank National Association OH lifted its holdings in shares of Marex Group plc Ordinary Shares by 12.7% during the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company's stock worth $395,000 after acquiring an additional 1,001 shares during the period. Finally, Abel Hall LLC bought a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth about $214,000.
About Marex Group plc Ordinary Shares
(
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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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