Date | Price Target | Rating | Analyst |
---|---|---|---|
3/10/2025 | $33.00 → $36.00 | Buy → Hold | HSBC Securities |
11/21/2024 | $33.00 | Buy | HSBC Securities |
11/6/2024 | $34.00 | Buy | Citigroup |
5/20/2024 | $33.00 | Buy | Goldman |
5/20/2024 | $25.00 | Overweight | Barclays |
5/20/2024 | $27.00 | Overweight | Piper Sandler |
5/20/2024 | $27.00 | Buy | UBS |
5/20/2024 | $24.00 | Buy | Jefferies |
5/20/2024 | $24.00 | Outperform | Keefe Bruyette |
5/20/2024 | $24.00 | Buy | Citigroup |
NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Marex Group plc ((‘Marex' or the ', Group', NASDAQ:MRX) a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets, today reported financial results for the fourth quarter ('Q4 2024') and year ended 31 December 2024 ('2024'). Ian Lowitt, Group Chief Executive Officer, stated, "I'm pleased to confirm that robust levels of client activity and positive market conditions led to another strong performance in the fourth quarter, typically a slower quarter seasonally. This delivered a full year Adjusted Profit Before Tax1 of
NEW YORK, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) today announced that it will release its 2024 fourth quarter and full year results before market open on Thursday, March 6, 2025. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://edge.media-server.com/mmc/p/59s7enfq Marex will also hold an investor day on Wednesday, April 2, 2025 in New York City. About Mare
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Marex Group plc ((‘Marex' or the ', Group', NASDAQ:MRX), a diversified global financial services platform, announces strong results for the third quarter (Q3) and nine months (9M) ended 30 September 2024, and upgraded outlook for the full year. Financial Highlights Financial Highlights: ($m)3 months ended 30 September 2024 3 months ended 30 September 2023 Change1 9 months ended 30 September 2024 9 months ended 30 September 2023 Change1Reported Revenue391.2 296.6 32% 1,179.1 919.0 28%Profit Before Tax79.0 47.6 66% 218.0 157.1 39%Profit Before Tax Margin (%) 20%
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) ("Marex"), the diversified global financial services platform, announced the pricing on October 30, 2024 of a public offering (the "Offering") of U.S.$600 million aggregate principal amount of its 6.404% Senior Notes due 2029 (the "Notes"). The Notes will be issued at a price to the public equal to 100.000% of the principal amount thereof and will be senior unsecured obligations of Marex. The Offering is expected to close on or about November 4, 2024, subject to the satisfaction of customary closing conditions. Marex intends to use the net proceeds from the Offering for working capital, to fund incremental gr
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc ("Marex") (NASDAQ:MRX), the diversified global financial services platform, today announces the pricing of the public offering (the "Offering") of 8,472,333 ordinary shares by certain selling shareholders (the "Selling Shareholders") at $24.00 per share. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,270,849 ordinary shares. Marex is not selling any ordinary shares in the Offering and will not receive any proceeds from any sale of shares by the Selling Shareholders. The Offering is expected to close on October 25, 2024, subject
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BI35bc4ad5c3ed48f8b2e48ab5dbfeb65e About Marex: Marex Group plc (NASDAQ:MRX) is a diversified global financial servic
NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) ("Marex"), the diversified global financial services platform, today announces the launch of a public offering of its ordinary shares (the "Offering") by certain selling shareholders (the "Selling Shareholders"). The Selling Shareholders are offering a total of 7,000,000 ordinary shares. In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 1,050,000 ordinary shares. Marex is not selling any ordinary shares in the Offering and will not receive any proceeds from the sale of shares by the Selling Shareholders. Barclays, Goldm
LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Marex Group plc ((‘Marex' or the ‘Group', NASDAQ:MRX), the diversified global financial services platform, today announces that it has agreed terms to acquire Hamilton Court Group which will expand the foreign exchange (FX) services it offers clients, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify its earnings. Headquartered in London, Hamilton Court Group offers a full suite of FX products, ranging from bespoke complex FX options and derivative structures to more ‘vanilla' products such as forwards, spots and swaps. Its clients are primarily mid-sized UK and European corporates and it ha
LONDON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Marex Group plc, the diversified global financial services platform, today announces that it has agreed to acquire Aarna Capital Limited ("Aarna Capital") to expand its operations in the Middle East and grow its clearing business, in line with its strategy to broaden its client base, diversify its operations and increase earnings resilience. Based in Abu Dhabi, Aarna Capital provides clearing, execution and customised risk management solutions in energy, base and ferrous metals, as well as financial markets such as equities, fixed income and FX. The acquisition of Aarna Capital will provide Marex with additional capabiliti
LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ:MRX), the diversified global financial services platform, today announces the completion of its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex's strategy to diversify its business and increase earnings resilience. Dropet offers execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East and Africa. It has more than 18 years' experience in physical ethanol and related biofuel products, as well as exchange-traded ethanol pr
LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ:MRX), the diversified global financial services platform, today announces the completion of its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex's strategy to diversify its business and increase earnings resilience. Dropet offers execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East and Africa. It has more than 18 years' experience in physical ethanol and related biofuel products, as well as exchange-traded ethanol pr
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 brings over twenty years of experience in financial services. Liz replaces Karen Neffar who leaves Marex to pursue personal interests and other projects. Reporting to Ian Lowitt, Chief Executive Officer of Marex, Liz will be responsible for the global HR strategy and will be a member of the Executive Committee. Liz brings specific expertise in international business, organisational transformation and culture programmes. Liz joins from Eight Cubed, an HR consultancy, where she has spent the last
6-K - Marex Group plc (0001997464) (Filer)
6-K - Marex Group plc (0001997464) (Filer)
6-K - Marex Group plc (0001997464) (Filer)
6-K - Marex Group plc (0001997464) (Filer)
6-K - Marex Group plc (0001997464) (Filer)
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NEW YORK, Feb. 17, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) today announced that it will release its 2024 fourth quarter and full year results before market open on Thursday, March 6, 2025. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://edge.media-server.com/mmc/p/59s7enfq Marex will also hold an investor day on Wednesday, April 2, 2025 in New York City. About Mare
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ:MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET the same day. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BI35bc4ad5c3ed48f8b2e48ab5dbfeb65e About Marex: Marex Group plc (NASDAQ:MRX) is a diversified global financial servic
NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ:MRX), the diversified global financial services platform, will announce its first half 2024 results on 14 August 2024 before the markets open. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/. A conference call to discuss the results will take place at 9am ET on 14 August 2024. Analysts and investors who wish to participate in the live conference call can register using the link here: https://register.vevent.com/register/BId22ef6b4029c4b8caacf93432d9ecf7f. Enquiries please contact: Nicola Ratchford / Robert Coates Marex +44
HSBC Securities downgraded Marex Group plc from Buy to Hold and set a new price target of $36.00 from $33.00 previously
HSBC Securities initiated coverage of Marex Group plc with a rating of Buy and set a new price target of $33.00
Citigroup resumed coverage of Marex Group plc with a rating of Buy and set a new price target of $34.00
Goldman initiated coverage of Marex Group plc with a rating of Buy and set a new price target of $33.00
Barclays initiated coverage of Marex Group plc with a rating of Overweight and set a new price target of $25.00
Piper Sandler initiated coverage of Marex Group plc with a rating of Overweight and set a new price target of $27.00
UBS initiated coverage of Marex Group plc with a rating of Buy and set a new price target of $27.00
Jefferies initiated coverage of Marex Group plc with a rating of Buy and set a new price target of $24.00
Keefe Bruyette initiated coverage of Marex Group plc with a rating of Outperform and set a new price target of $24.00
Citigroup initiated coverage of Marex Group plc with a rating of Buy and set a new price target of $24.00