Marks Electrical Group (LON:MRK) Now Covered by Analysts at Shore Capital

Investment analysts at Shore Capital assumed coverage on shares of Marks Electrical Group (LON:MRK) in a report issued on Thursday, MarketBeat.com reports. The firm set a “hold” rating and a GBX 50 price target on the stock. Shore Capital’s price objective points to a potential upside of 8.70% from the company’s previous close.

Separately, Canaccord Genuity Group decreased their target price on shares of Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 50.50.

Marks Electrical Group Stock Down 5.2%

Marks Electrical Group stock traded down GBX 2.50 during trading on Thursday, hitting GBX 46. 18,591 shares of the company were exchanged, compared to its average volume of 98,405. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 8.42. The business’s 50 day moving average is GBX 52.90 and its 200 day moving average is GBX 57.29. Marks Electrical Group has a 52 week low of GBX 46 and a 52 week high of GBX 63. The company has a market capitalization of £47.96 million, a P/E ratio of -33.33 and a beta of 0.73.

Marks Electrical Group (LON:MRK) last released its earnings results on Thursday, November 13th. The company reported GBX (0.31) EPS for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. 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.