Marks Electrical Group (LON:MRK) Stock Price Down 2.2% – What’s Next?

Marks Electrical Group PLC (LON:MRKGet Free Report) dropped 2.2% during trading on Thursday . The stock traded as low as GBX 45 and last traded at GBX 45. Approximately 27,649 shares were traded during trading, an increase of 57% from the average daily volume of 17,666 shares. The stock had previously closed at GBX 46.

Analysts Set New Price Targets

Separately, Shore Capital Group initiated coverage on Marks Electrical Group in a report on Thursday, November 13th. They set a “hold” rating and a GBX 50 price target on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Marks Electrical Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 50.50.

Check Out Our Latest Stock Report on MRK

Marks Electrical Group Price Performance

The business has a 50-day moving average price of GBX 46.07 and a two-hundred day moving average price of GBX 51.05. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 8.42. The company has a market capitalization of £46.92 million, a price-to-earnings ratio of -43.69 and a beta of 0.73.

Marks Electrical Group (LON:MRKGet Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX (0.31) EPS for the quarter. Marks Electrical Group had a net margin of 0.37% and a return on equity of 3.05%. As a group, research analysts anticipate that Marks Electrical Group PLC will post 3.5523979 EPS for the current year.

Marks Electrical Group Company Profile

(Get Free Report)

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.

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