Barclays Sticks to Its Buy Rating for Marex Group plc (MRX)
In a report released today, Benjamin Budish from Barclays maintained a Buy rating on Marex Group plc, with a price target of $50.00.
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Budish covers the Financial sector, focusing on stocks such as CME Group, Interactive Brokers, and Robinhood. According to TipRanks, Budish has an average return of 17.0% and a 65.44% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marex Group plc with a $51.17 average price target.
Based on Marex Group plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $500.1 million and a net profit of $76.7 million. In comparison, last year the company earned a revenue of $740 million and had a net profit of $102.9 million
Read More on MRX:
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- Marex Group completes Winterflood acquisition, agrees to sell custody business
- Marex Group expands into U.S. structured products market to meet demand
- Marex Group’s Earnings Call: Strong Growth Amid Challenges
- Marex Group price target raised to $50 from $49 at Keefe Bruyette
- Marex Group price target raised to $43 from $40 at Barclays
