Marks Electrical Group’s (MRK) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Marks Electrical Group (LON:MRK) in a research report sent to investors on Monday, MarketBeat.com reports. They currently have a GBX 55 price target on the stock.

Separately, Shore Capital Group reiterated a “hold” rating on shares of Marks Electrical Group in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 52.50.

Marks Electrical Group Price Performance

Shares of Marks Electrical Group stock opened at GBX 48 on Monday. The firm has a market cap of £50.05 million, a PE ratio of -46.60 and a beta of 0.67. The stock has a 50 day moving average of GBX 46.69 and a 200 day moving average of GBX 47.04. The company has a current ratio of 1.42, a quick ratio of 0.62 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.