Where is BGC Group (BGC) Headed According to Analysts?

BGC Group, Inc. (NASDAQ:BGC) is one of the best undervalued stocks to buy under $10. On January 27, BGC Group, Inc. (NASDAQ:BGC) announced that BGC Brokers L.P. is now authorized as a U.K. registered benchmark administrator licensee with the U.K. Financial Conduct Authority under the U.K. Benchmarks Regulation. Management stated that the approved benchmark offering encompasses swaps pricing in EUR IRS, GBP IRS, & XCCY swaps, and EU and U.K. Inflation swaps, with the enhancement offering clients improved data quality, an FCA regulated reference page, and a strong alternative benchmark solution for their issuance activities.

Nadim Mourad, Executive Managing Director at BGC Group, Inc. (NASDAQ:BGC), further stated that the registration enables the company to provide regulated benchmark reference data to clients, supporting valuation and risk management activities across key rate markets. In a separate development, BGC Group, Inc. (NASDAQ:BGC) received a rating update from Piper Sandler on January 14, with the firm reiterating a Buy rating on the stock and setting a price target of $14.

BGC Group, Inc. (NASDAQ:BGC) provides brokerage and financial technology services, offering trade execution and broker-dealer services specializing in Foreign Exchange, Fixed Income (Rates and Credit), Equities, Shipping, Energy and Commodities, and Futures.

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