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

Canaccord Genuity Group reissued their buy rating on shares of Marks Electrical Group (LON:MRK) in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has a GBX 100 ($1.24) target price on the stock.

Marks Electrical Group Stock Performance

LON:MRK opened at GBX 68 ($0.85) on Tuesday. Marks Electrical Group has a twelve month low of GBX 65 ($0.81) and a twelve month high of GBX 110 ($1.37). The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 6.38. The company has a 50-day moving average of GBX 71.75 and a 200-day moving average of GBX 82.46. The firm has a market cap of £71.37 million, a price-to-earnings ratio of 1,700.00 and a beta of 0.80.

Insider Activity

In other news, insider Joshua E. T. A. Egan bought 15,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was bought at an average cost of GBX 75 ($0.93) per share, for a total transaction of £11,250 ($14,004.73). 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.