Marks Electrical Group (LON:MRK) Stock Rating Reaffirmed by Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Marks Electrical Group (LON:MRK) in a report published on Tuesday, Marketbeat Ratings reports. The firm currently has a GBX 100 ($1.24) price target on the stock.

Marks Electrical Group Price Performance

Shares of Marks Electrical Group stock opened at GBX 70 ($0.87) on Tuesday. The company’s fifty day simple moving average is GBX 71.52 and its two-hundred day simple moving average is GBX 82.01. Marks Electrical Group has a 12-month low of GBX 65 ($0.81) and a 12-month high of GBX 110 ($1.37). The firm has a market cap of £73.47 million, a PE ratio of 1,700.00 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 6.38.

Insider Buying and Selling

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