At the time of writing, Marex Group Plc [MRX] stock is trading at $31.38, up 0.97%. An important factor to consider is whether the stock is rising or falling in short-term value. The MRX shares have gain 6.30% over the last week, with a monthly amount glided 7.54%, 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 November 21, 2024, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $33. On May 20, 2024, UBS initiated with a Buy rating and assigned a price target of $27 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $27 on May 20, 2024. Keefe Bruyette initiated its recommendation with a Outperform and recommended $24 as its price target on May 20, 2024. Jefferies 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, Goldman initiated an Buy rating and provided a target price of $33 on this stock.
For the past year, the stock price of Marex Group Plc fluctuated between $18.13 and $32.45. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Marex Group Plc [NASDAQ: MRX] shares were valued at $31.38 at the most recent close of the market. An investor can expect a potential drop of -1.21% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.18.
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 31.00 points at the first support level, and at 30.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.62, and for the 2nd resistance point, it is at 31.87.
