Canaccord Genuity Group Cuts Marks Electrical Group (LON:MRK) Price Target to GBX 51

Marks Electrical Group (LON:MRK) had its price objective cut by Canaccord Genuity Group from GBX 73 to GBX 51 in a report issued on Thursday morning, Marketbeat reports. They currently have a buy rating on the stock.

Marks Electrical Group Stock Performance

LON:MRK opened at GBX 52 on Thursday. The stock has a market cap of £54.22 million, a price-to-earnings ratio of -3,768.12 and a beta of 0.73. The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.62 and a current ratio of 1.59. The business has a fifty day moving average of GBX 59.65 and a 200-day moving average of GBX 59.16. Marks Electrical Group has a 1 year low of GBX 47.50 and a 1 year high of GBX 63.

Marks Electrical Group (LON:MRK) last announced its earnings results on Wednesday, June 25th. The company reported GBX (1.38) earnings per share for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. Equities analysts predict that Marks Electrical Group will post 3.5523979 earnings per share for the current year.

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.