Marks Electrical Group’s (MRK) Buy Rating Reaffirmed at Canaccord Genuity Group

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 55 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 17.02% from the company’s previous close.

Marks Electrical Group Stock Up 1.1%

MRK stock opened at GBX 47 on Thursday. The stock has a fifty day moving average of GBX 46.37 and a 200-day moving average of GBX 48.18. Marks Electrical Group has a fifty-two week low of GBX 42 and a fifty-two week high of GBX 63. The company has a market capitalization of £49.01 million, a price-to-earnings ratio of -45.63 and a beta of 0.67. The company has a debt-to-equity ratio of 31.31, a quick ratio of 0.62 and a current ratio of 1.42.

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.