Barclays Sticks to Their 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 $49.00.
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According to TipRanks, Budish is a 5-star analyst with an average return of 16.5% and a 64.72% success rate. Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Robinhood, and Interactive Brokers.
Marex Group plc has an analyst consensus of Strong Buy, with a price target consensus of $51.00.
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
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