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Piper Sandler Sticks to Their Buy Rating for Marex Group plc (MRX)

Tipranks - Tipranks - Thu Jan 15, 6:08AM CST

In a report released today, Patrick Moley from Piper Sandler maintained a Buy rating on Marex Group plc, with a price target of $55.00.

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According to TipRanks, Moley is a top 100 analyst with an average return of 41.6% and a 74.16% success rate. Moley covers the Financial sector, focusing on stocks such as Coinbase Global, Riot Platforms, and CME Group.

Currently, the analyst consensus on Marex Group plc is a Strong Buy with an average price target of $52.00.

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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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