Marks Electrical Group (LON:MRK) Given “Buy” Rating at Shore Capital

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research report issued on Tuesday, LSE.Co.UK 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 report on Tuesday.

Marks Electrical Group Stock Performance

Shares of MRK traded down GBX 2.50 ($0.03) during mid-day trading on Tuesday, hitting GBX 68 ($0.85). The stock had a trading volume of 188,438 shares, compared to its average volume of 53,100. The company has a market cap of £71.37 million, a PE ratio of 1,700.00 and a beta of 0.80. The company’s fifty day simple moving average is GBX 71.87 and its two-hundred day simple moving average is GBX 82.72. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 6.38. Marks Electrical Group has a fifty-two week low of GBX 65 ($0.81) and a fifty-two week high of GBX 110 ($1.37).

Insiders Place Their Bets

In other Marks Electrical Group news, insider Joshua E. T. A. Egan purchased 15,000 shares of Marks Electrical Group stock in a transaction on Thursday, January 25th. The stock was bought at an average price of GBX 75 ($0.93) per share, for a total transaction of £11,250 ($14,004.73). 79.04% of the stock is currently owned by insiders.

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.