Marks Electrical Group (LON:MRK) Price Target Cut to GBX 51 by Analysts at Canaccord Genuity Group

Marks Electrical Group (LON:MRK) had its price target reduced by Canaccord Genuity Group from GBX 73 to GBX 51 in a report issued on Thursday,London Stock Exchange reports. They currently have a buy rating on the stock.

Marks Electrical Group Trading Down 19.4%

LON:MRK opened at GBX 50 on Thursday. The firm’s 50 day moving average is GBX 59.87 and its 200 day moving average is GBX 59.15. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 8.42. Marks Electrical Group has a 12 month low of GBX 48 and a 12 month high of GBX 63. The stock has a market capitalization of £52.13 million, a PE ratio of -3,623.19 and a beta of 0.73.

Marks Electrical Group (LON:MRK) last issued its earnings results on Wednesday, June 25th. The company reported GBX (1.38) earnings per share (EPS) for the quarter. Marks Electrical Group had a net margin of 0.37% and a return on equity of 3.05%. Sell-side analysts expect that Marks Electrical Group will post 3.5523979 earnings per share for the current year.

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.