Marks Electrical Group (LON:MRK) Earns Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Marks Electrical Group (LON:MRK) in a report published on Tuesday, MarketBeat reports.

Separately, Canaccord Genuity Group restated a buy rating and set a GBX 100 ($1.24) price objective on shares of Marks Electrical Group in a research note on Tuesday.

Marks Electrical Group Stock Performance

Shares of MRK stock opened at GBX 70 ($0.87) on Tuesday. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.47 and a quick ratio of 0.62. Marks Electrical Group has a 12-month low of GBX 65 ($0.81) and a 12-month high of GBX 110 ($1.37). The business has a 50 day simple moving average of GBX 71.52 and a 200 day simple moving average of GBX 82.01. The firm has a market capitalization of £73.47 million, a price-to-earnings ratio of 1,700.00 and a beta of 0.80.

Insider Activity

In other news, insider Joshua E. T. A. Egan bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average price of GBX 75 ($0.93) per share, with a total value of £11,250 ($14,004.73). Insiders own 79.04% of the company’s stock.

Marks Electrical Group Company Profile

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.