Shore Capital Reiterates “Buy” Rating for Marks Electrical Group (LON:MRK)

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a research note issued to investors on Tuesday, Marketbeat reports.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 100 ($1.24) price objective on shares of Marks Electrical Group in a report on Tuesday.

Marks Electrical Group Trading Up 2.2 %

Shares of MRK opened at GBX 69.50 ($0.87) on Tuesday. Marks Electrical Group has a 1-year low of GBX 65 ($0.81) and a 1-year high of GBX 110 ($1.37). The company has a 50-day moving average of GBX 71.69 and a 200 day moving average of GBX 82.37. The firm has a market capitalization of £72.94 million, a price-to-earnings ratio of 1,737.50 and a beta of 0.80. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.47 and a quick ratio of 0.62.

Insider Activity

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 stock was acquired at an average price of GBX 75 ($0.93) per share, for a total transaction of £11,250 ($14,004.73). Company insiders own 79.04% of the company’s stock.

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.