Marks Electrical Group (LON:MRK) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Marks Electrical Group (LON:MRK) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have a GBX 100 ($1.24) price objective on the stock.

Marks Electrical Group Stock Performance

Marks Electrical Group stock opened at GBX 68 ($0.85) on Tuesday. The company has a 50 day moving average price of GBX 71.75 and a 200-day moving average price of GBX 82.46. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. Marks Electrical Group has a fifty-two week low of GBX 65 ($0.81) and a fifty-two week high of GBX 110 ($1.37). The company has a market capitalization of £71.37 million, a PE ratio of 1,700.00 and a beta of 0.80.

Insider Buying and Selling

In other Marks Electrical Group news, insider Joshua E. T. A. Egan purchased 15,000 shares of Marks Electrical Group stock in a transaction dated Thursday, January 25th. The shares were acquired at an average cost of GBX 75 ($0.93) per share, with a total value of £11,250 ($14,004.73). 79.04% of the stock is currently owned by insiders.

About Marks Electrical Group

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.