Canaccord Genuity Group Forecasts Strong Price Appreciation for Marks Electrical Group (LON:MRK) Stock

Marks Electrical Group (LON:MRK) had its target price hoisted by research analysts at Canaccord Genuity Group from GBX 70 ($0.92) to GBX 73 ($0.96) in a research note issued on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 23.73% from the company’s previous close.

Marks Electrical Group Trading Up 1.7 %

Shares of Marks Electrical Group stock opened at GBX 59 ($0.77) on Thursday. Marks Electrical Group has a 52-week low of GBX 48 ($0.63) and a 52-week high of GBX 77 ($1.01). The firm has a market capitalization of £61.92 million, a PE ratio of 145.03 and a beta of 0.73. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62. The company’s fifty day moving average price is GBX 56.24 and its two-hundred day moving average price is GBX 55.34.

Insider Buying and Selling

In related news, insider Warren Middleton bought 18,379 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of GBX 54 ($0.71) per share, for a total transaction of £9,924.66 ($12,990.39). Company insiders own 79.32% of the company’s stock.

About Marks Electrical Group

Marks Electrical Group PLC, together with its subsidiary, engages in the supply of domestic electrical appliances and consumer electronics in the United Kingdom. The company also provides removal and recycling of packaging; collection and recycling of old appliances; and extended warranties and installation services.