A share price of Marex Group Plc [MRX] is currently trading at $27.08, up 2.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MRX shares have gain 5.86% over the last week, with a monthly amount glided 11.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Marex Group Plc [NASDAQ: MRX] stock has seen the most recent analyst activity on May 20, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $27. Previously, Piper Sandler started tracking the stock with Overweight rating on May 20, 2024, and set its price target to $27. On May 20, 2024, Keefe Bruyette initiated with a Outperform rating and assigned a price target of $24 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $24 on May 20, 2024. Goldman initiated its recommendation with a Buy and recommended $33 as its price target on May 20, 2024. Citigroup started tracking with a Buy rating for this stock on May 20, 2024, and assigned it a price target of $24. In a note dated May 20, 2024, Barclays initiated an Overweight rating and provided a target price of $25 on this stock.
Marex Group Plc experienced fluctuations in its stock price throughout the past year between $18.13 and $26.87. Currently, Wall Street analysts expect the stock to reach $28.83 within the next 12 months. Marex Group Plc [NASDAQ: MRX] shares were valued at $27.08 at the most recent close of the market. An investor can expect a potential return of 6.46% based on the average MRX price forecast.
Analyzing the MRX fundamentals
Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.24 and Total Capital is 0.34. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.35 points at the first support level, and at 25.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.53, and for the 2nd resistance point, it is at 27.98.
