Marks Electrical Group’s (MRK) Hold Rating Reaffirmed at Shore Capital Group

Marks Electrical Group (LON:MRK)‘s stock had its “hold” rating reissued by investment analysts at Shore Capital Group in a report released on Friday,Digital Look reports. They presently have a GBX 50 price objective on the stock. Shore Capital Group’s target price points to a potential upside of 10.50% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 55 target price on shares of Marks Electrical Group in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 52.50.

Marks Electrical Group Stock Performance

Marks Electrical Group stock opened at GBX 45.25 on Friday. The stock has a 50-day simple moving average of GBX 48.61 and a 200 day simple moving average of GBX 47.05. The stock has a market capitalization of £47.18 million, a price-to-earnings ratio of -43.93 and a beta of 0.67. The company has a quick ratio of 0.62, a current ratio of 1.42 and a debt-to-equity ratio of 31.31. Marks Electrical Group has a 12-month low of GBX 42 and a 12-month high of GBX 63.

About Marks Electrical Group

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.