Streetbeat News

MRX

Marex Group Plc

https://www.marex.com/

Open

28.97

Mkt cap

Volume

546K

High

29.10

P/E Ratio

11.34

52-wk high

29.26

Low

28.34

Div yield

0.00

52-wk low

18.13

Marex Group plc (Nasdaq: MRX) reported strong financial results for Q3 2024, with significant increases in revenue, profit before tax, and earnings per share compared to the previous year. The company also upgraded its outlook for the full year.

Portfolio Pulse from

November 07, 2024 | 12:15 pm

Marex Group has announced the pricing of its public offering of 8,472,333 shares at $24.00 per share.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:04 pm

Marex Group has announced a public offering of 7 million ordinary shares by certain selling shareholders. Additionally, the underwriters have a 30-day option to purchase up to an additional 1.05 million shares.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:54 pm

Marex Group has agreed to acquire Hamilton Court Group, a company offering a range of FX products. The terms of the acquisition have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:11 am

Marex Group (NASDAQ:MRX) has been analyzed by four analysts, showing a somewhat bullish sentiment with an average 12-month price target of $28.75, up from $26.75. Analysts from Barclays and Piper Sandler have raised their price targets, indicating positive expectations. Despite this, Marex Group faces challenges with below-average net margins and high debt-to-equity ratios.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 7:00 pm

Barclays analyst Benjamin Budish maintains an Overweight rating on Marex Group (NASDAQ:MRX) and raises the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:56 pm

Marex Group plc is acquiring Aarna Capital to expand its presence in the Middle East, particularly in Abu Dhabi. This acquisition aims to enhance Marex's clearing business and client base, with expected earnings accretion from 2025. The deal is set to close in late 2024, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 11:03 am

Marex Group Plc (NASDAQ:MRX) has acquired Dropet, a Spanish biofuels company, to expand its renewables product range and enhance its global environmental products business. This acquisition aligns with Marex's strategy to diversify and increase earnings resilience.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:10 am

Marex is taking a minority stake in Key Carbon and providing financing for carbon credit projects, focusing on low-emission cookstoves in Africa through Global Cookstoves, a joint venture with BURN Manufacturing.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 11:26 am

Piper Sandler analyst Patrick Moley maintains an Overweight rating on Marex Group (NASDAQ:MRX) and raises the price target from $27 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:40 pm

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