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

Shore Capital reiterated their buy rating on shares of Marks Electrical Group (LON:MRK) in a research report released on Tuesday, LSE.Co.UK reports.

Separately, Canaccord Genuity Group reaffirmed a buy rating and set a GBX 100 ($1.24) price target on shares of Marks Electrical Group in a research report on Tuesday.

Marks Electrical Group Price Performance

Shares of MRK opened at GBX 68 ($0.85) on Tuesday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. The stock has a 50 day simple moving average of GBX 71.75 and a 200 day simple moving average of GBX 82.46. Marks Electrical Group has a 52-week low of GBX 65 ($0.81) and a 52-week high of GBX 110 ($1.37). The firm has a market capitalization of £71.37 million, a PE ratio of 1,700.00 and a beta of 0.80.

Insider Transactions at Marks Electrical Group

In related news, insider Joshua E. T. A. Egan acquired 15,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were bought 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.

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.