Barclays Lowers PT on Marex Group (MRX) to $50 From $52, Keeps an Overweight Rating

Marex Group plc (NASDAQ:MRX) is one of the top cheap stocks that will go to the moon according to Reddit. On August 14, Barclays lowered the firm’s price target on Marex Group plc (NASDAQ:MRX) to $50 from $52, keeping an Overweight rating on the shares. The rating update came after Marex Group plc (NASDAQ:MRX) reported its fiscal Q2 report.20 Strategies for Financial Freedom and Retire Early

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The firm told investors in a research note that Marex Group plc (NASDAQ:MRX) reported an earnings beat in the quarter, with sales momentum extending into July.

It believes that the company also offered a strong rebuttal to a recent short report, delivering answers to several key questions.

Marex Group plc (NASDAQ:MRX) provides brokerage services for financials, commodities, and foreign exchange. Its operations are divided into the following segments: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate.

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Disclosure: None. This article is originally published at Insider Monkey.

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