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Citi Reaffirms Their Hold Rating on Macquarie Group Limited (MCQEF)

Tipranks - Tipranks - Mon Mar 9, 6:42PM CDT

Citi analyst Thomas Strong maintained a Hold rating on Macquarie Group Limited today and set a price target of A$210.00.

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Strong covers the Financial sector, focusing on stocks such as ANZ Group Holdings, Macquarie Group Limited, and Westpac Banking. According to TipRanks, Strong has an average return of -6.0% and a 39.66% success rate on recommended stocks.

In a report released on March 4, Morgan Stanley also maintained a Hold rating on the stock with a A$223.00 price target.

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Based on Macquarie Group Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of A$16.11 billion and a net profit of A$1.66 billion. In comparison, last year the company earned a revenue of A$8.23 billion and had a net profit of A$1.61 billion

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