10 Undervalued European Stocks To Invest In Now

6. Marex Group Plc (NASDAQ:MRX)

Forward P/E: 11.22

Number of Hedge Fund Holders: 22

Marex Group Plc (NASDAQ:MRX) is one of the 10 Undervalued European Stocks to Invest in Now. On June 9, Barclays analyst Benjamin Budish slashed Marex Group plc’s (NASDAQ:MRX) price target to $52 from $57, keeping an Overweight rating on the shares. Despite the drop in price target, the rating suggests the analyst’s optimism surrounding the stock and its potential to outperform its competitors.

Marex Group plc (NASDAQ:MRX) also announced plans to acquire Agrinvest Commodities, a Brazilian agricultural commodities business, on June 5. The acquisition is expected to expand the company’s operations in the Americas, adding in new clients and capabilities to diversify earnings and bringing optimism to its future operations.

The acquisition of Agrinvest Commodities will provide Marex Group plc (NASDAQ:MRX) with physical commodities capabilities in Brazil, along with its existing derivatives operations, augmenting the latter’s Brazilian business with around 1,300 clients and 100 employees.

Marex Group plc (NASDAQ:MRX) offers brokerage services for financials, commodities, and foreign exchange. The company is headquartered in London, United Kingdom, and ranks sixth on our list of the best undervalued European stocks to invest in now. It operates through the following segments: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate.