Marex Group plc (MRX)

NASDAQ: MRX · IEX Real-Time Price · USD
19.21
-0.22 (-1.13%)
Jul 2, 2024, 4:00 PM EDT - Market closed
-1.13%
Market Cap 1.36B
Revenue (ttm) 1,245
Net Income (ttm) 128
Shares Out 70.82M
EPS (ttm) 1.09
PE Ratio 17.62
Forward PE 7.75
Dividend n/a
Ex-Dividend Date n/a
Volume 44,848
Open 19.51
Previous Close 19.43
Day's Range 19.14 - 19.51
52-Week Range 18.13 - 23.45
Beta n/a
Analysts Strong Buy
Price Target 26.29 (+36.86%)
Earnings Date Aug 25, 2024

About MRX

Marex Group plc, a financial services platform, provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. It operates through four segments: Market Making, Clearing, Agency and Execution, and Hedging and Investment Solutions. The company offers execution and clearing services in metals, agricultural products, and financial futures and options; liquidity and execution services for financial securities through trading desks that cover products, including foreign exchange, equities... [Read more]

Industry Capital Markets
Sector Financials
IPO Date Apr 25, 2024
Employees 2,000
Stock Exchange NASDAQ
Ticker Symbol MRX
Full Company Profile

Financial Performance

In 2023, Marex Group's revenue was $1,245, an increase of 75.11% compared to the previous year's $711. Earnings were $128, an increase of 39.13%.

Financial numbers in USD Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MRX stock is "Strong Buy." The 12-month stock price forecast is $26.29, which is an increase of 36.86% from the latest price.

Price Target
$26.29
(36.86% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Marex Appoints Liz Barrett as Group Head of HR

LONDON, June 18, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, has appointed Liz Barrett as Group Head of HR. Liz joins on June 24, and br...

14 days ago - GlobeNewsWire

Marex to offer client clearing of interest rate swaps

Marex will become the first non-bank FCM clearing member to offer client clearing services for interest rate swaps on LCH's SwapClear service. Marex's comprehensive clearing and execution services are...

15 days ago - GlobeNewsWire

Marex Group plc to Participate in Upcoming Piper Sandler Global Exchange & FinTech Conference

NEW YORK, May 31, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the ‘Group'), a diversified global financial services platform, today announces that it will be hosting a fireside chat at Piper ...

4 weeks ago - GlobeNewsWire

Marex Group plc Announces Full Year 2023 Results and Q1 2024 Update

NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the 'Group'), a diversified global financial services platform, announces strong results for the twelve months ended December 31,...

6 weeks ago - GlobeNewsWire

Marex Group plc to Report FY 2023 Results and Q1 2024 Update on May 16, 2024

NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- Marex Group (“Marex”), the diversified global financial services platform, will announce its full year 2023 results and first quarter 2024 update on May 16, ...

7 weeks ago - GlobeNewsWire

British commodities broker Marex's Nasdaq debut gets lukewarm response

Shares of British commodities broker Marex Group rose 2.6% on Thursday in their market debut on the Nasdaq, notching a valuation of $1.38 billion.

2 months ago - Reuters

British commodities platform Marex prices US IPO at $1.35 bln valuation

British commodities platform Marex Group set the pricing of its U.S. initial public offering at $19 per share on Wednesday, aiming to raise around $292 million.

2 months ago - Reuters

Marex Group plc Announces Pricing of Initial Public Offering

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces the pricing of its initial public offering (the “IPO”), at $...

2 months ago - GlobeNewsWire

Marex Group plc Announces Launch of Initial Public Offering

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces that it has launched the initial public offering (the “IPO”)...

2 months ago - GlobeNewsWire

UK trading services provider Marex Group files for an estimated $500 million US IPO

Marex Group, a UK commodities broker and trading services firm, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.

3 months ago - Renaissance Capital

Britain's Marex Group reports 75% surge in annual revenue in US IPO filing

British commodities broker Marex Group reported a 75% jump in annual revenue in a filing on Tuesday, three months after it confidentially filed to list in the United States.

3 months ago - Reuters

Marex Group plc Announces Filing of Registration Statement

Marex Group, the diversified global financial services platform, today announces that it has publicly filed a registration statement...

3 months ago - GLOBE NEWSWIRE

Marex Group IPO Registration Document (F-1)

Marex Group has filed to go public with an IPO on the NASDAQ.

3 months ago - SEC