Marks Electrical Group’s (MRK) Buy Rating Reaffirmed at Canaccord Genuity Group

Marks Electrical Group (LON:MRK – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued on Friday,Digital Look reports. They currently have a GBX 55 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 21.55% from the stock’s previous close.

Separately, Shore Capital Group restated a “hold” rating and set a GBX 50 price objective on shares of Marks Electrical Group in a report on Friday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 52.50.

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Marks Electrical Group Price Performance

Shares of MRK opened at GBX 45.25 on Friday. The company’s 50-day moving average is GBX 48.61 and its 200-day moving average is GBX 47.05. The company has a debt-to-equity ratio of 31.31, a current ratio of 1.42 and a quick ratio of 0.62. The firm has a market capitalization of £47.18 million, a PE ratio of -43.93 and a beta of 0.67. 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

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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.

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