Marex Group Plc [MRX] stock is trading at $28.91, up 3.40%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MRX shares have gain 1.58% over the last week, with a monthly amount glided 18.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, UBS started tracking the stock with Buy rating on May 20, 2024, and set its price target to $27. On May 20, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $27 on the stock. Keefe Bruyette started tracking the stock assigning a Outperform rating and suggested a price target of $24 on May 20, 2024. Jefferies initiated its recommendation with a Buy and recommended $24 as its price target on May 20, 2024. Goldman started tracking with a Buy rating for this stock on May 20, 2024, and assigned it a price target of $33. In a note dated May 20, 2024, Citigroup initiated an Buy rating and provided a target price of $24 on this stock.
Marex Group Plc [MRX] stock has fluctuated between $18.13 and $29.26 over the past year. 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 $28.91 at the most recent close of the market. An investor can expect a potential drop of -0.28% based on the average MRX price forecast.
Analyzing the MRX fundamentals
Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.21 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.18.
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 28.23 points at the first support level, and at 27.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.30, and for the 2nd resistance point, it is at 29.68.
