Marks Electrical Group’s (MRK) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Marks Electrical Group (LON:MRK) in a research note released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 55 target price on the stock.

Marks Electrical Group Price Performance

Shares of LON:MRK opened at GBX 47.95 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.42 and a debt-to-equity ratio of 31.31. The stock has a market capitalization of £50.00 million, a PE ratio of -46.55 and a beta of 0.67. The firm’s 50 day moving average price is GBX 46.43 and its 200-day moving average price is GBX 48.03. Marks Electrical Group has a twelve month low of GBX 42 and a twelve month high of GBX 63.

Marks Electrical Group Company Profile

Marks Electrical Group PLC, together with its subsidiary, engages in the supply of domestic electrical appliances and consumer electronics in the United Kingdom. The company also provides removal and recycling of packaging; collection and recycling of old appliances; and extended warranties and installation services. It sells its products through online platform. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021. Marks Electrical Group PLC was founded in 1987 and is headquartered in Leicester, United Kingdom.