Marks Electrical Group (LON:MRK) Hits New 52-Week High at $103.50

Shares of Marks Electrical Group PLC (LON:MRK) reached a new 52-week high on Monday . The company traded as high as GBX 103.50 ($1.30) and last traded at GBX 103 ($1.29), with a volume of 111715 shares. The stock had previously closed at GBX 99 ($1.24).

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research report on Thursday, August 10th. Canaccord Genuity Group upped their target price on shares of Marks Electrical Group from GBX 117 ($1.46) to GBX 123 ($1.54) and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 123 ($1.54) price objective on shares of Marks Electrical Group in a research note on Thursday, August 10th.

Marks Electrical Group Trading Up 4.0 %

The company has a debt-to-equity ratio of 10.08, a current ratio of 1.59 and a quick ratio of 0.62. The stock has a market capitalization of £108.10 million and a PE ratio of 1,996.26. The stock’s 50 day simple moving average is GBX 97.12 and its two-hundred day simple moving average is GBX 91.83.

Insider Buying and Selling at Marks Electrical Group

In other Marks Electrical Group news, insider Joshua E. T. A. Egan acquired 1,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of GBX 100 ($1.25) per share, with a total value of £1,000 ($1,251.41). In related news, insider Joshua E. T. A. Egan acquired 25,569 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average cost of GBX 99 ($1.24) per share, for a total transaction of £25,313.31 ($31,677.27). Also, insider Joshua E. T. A. Egan acquired 1,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of GBX 100 ($1.25) per share, for a total transaction of £1,000 ($1,251.41). 78.98% of the stock is owned by corporate insiders.

Marks Electrical Group Company Profile

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.