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Goldman Sachs Keeps Their Buy Rating on Marex Group plc (MRX)

Tipranks - Tipranks - Fri Mar 6, 1:58AM CST

Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on Marex Group plc yesterday and set a price target of $52.00. The company’s shares closed yesterday at $39.94.

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Blostein covers the Financial sector, focusing on stocks such as Invesco, Apollo Global Management, and BlackRock. According to TipRanks, Blostein has an average return of 17.4% and a 69.89% success rate on recommended stocks.

Marex Group plc has an analyst consensus of Strong Buy, with a price target consensus of $54.80, implying a 37.21% upside from current levels. In a report released on March 3, Barclays also assigned a Buy rating to the stock with a $50.00 price target.

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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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