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Piper Sandler Reaffirms Their Buy Rating on Marex Group plc (MRX)

Tipranks - Thu Apr 16, 7:19AM CDT

Piper Sandler analyst Patrick Moley maintained a Buy rating on Marex Group plc today and set a price target of $55.00.

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According to TipRanks, Moley is a 5-star analyst with an average return of 31.8% and a 71.98% success rate. Moley covers the Financial sector, focusing on stocks such as BGC Group, Robinhood, and Interactive Brokers.

In a report released on April 8, KBW also resumed coverage with a Buy rating on the stock with a $60.00 price target.

Based on Marex Group plc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.13 billion and a net profit of $231.5 million. In comparison, last year the company earned a revenue of $2.15 billion and had a net profit of $115.1 million

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