Marks Electrical Group (LON:MRK) Earns “Hold” Rating from Shore Capital Group

Marks Electrical Group (LON:MRK)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital Group in a research note issued to investors on Monday,London Stock Exchange reports.

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

Marks Electrical Group Trading Up 4.8%

Shares of MRK stock opened at GBX 49.40 on Monday. The company has a market cap of £51.51 million, a P/E ratio of -47.96 and a beta of 0.67. The stock has a 50 day simple moving average of GBX 46.57 and a two-hundred day simple moving average of GBX 47.07. 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 has a fifty-two week low of GBX 42 and a fifty-two week 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.