The company’s shares closed last Tuesday at $112.50, close to its 52-week low of $110.90.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Macquarie Group Limited with a $139.33 average price target, which is a 14.9% upside from current levels. In a report issued on July 22, Morgan Stanley also maintained a Buy rating on the stock with a price target.
Macquarie Group Limited’s market cap is currently $45.11B and has a P/E ratio of 12.93.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MCQEF in relation to earlier this year.
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Macquarie Group Ltd. is a non-operating holding company, which engages in the provision of banking, financial, advisory, investment, and funds management services. It operates through the following segments: Macquarie Asset Management (MAM), Corporate and Asset Finance (CAF), Banking and Financial Services (BFS), Macquarie Capital, Commodities and Global Markets (CGM), and Corporate. The MAM segment delivers investment solutions to clients across a range of capabilities, including infrastructure, real estate, agriculture, equities, fixed income, private credit, liquid alternatives, and multi-asset solutions. The CAF segment consists of asset finance and principal finance businesses. The BFS segment offers personal banking, wealth management, business banking, and vehicle finance products and services to retail clients, advisers, brokers, and business clients. The Macquarie Capital segment includes capital solutions across a range of products and sectors including infrastructure, green, and conventional energy. The CGM segment comprises of integrated, end-to-end offering across global markets including equities, fixed income, foreign exchange, and commodities. The Corporate segment refers to the head office and central service groups, including group treasury and other investments. The company was founded on December 10, 1969 and is headquartered in Sydney, Australia.
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