Marks Electrical Group (LON:MRK) Trading 0.1% Higher – Here’s Why

Marks Electrical Group PLC (LON:MRK)’s share price was up 0.1% on Wednesday . The company traded as high as GBX 46.55 and last traded at GBX 46.55. Approximately 278 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 21,002 shares. The stock had previously closed at GBX 46.50.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group lowered their price target on shares of Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating for the company in a report on Thursday, September 25th. Shore Capital initiated coverage on Marks Electrical Group in a research report on Thursday, November 13th. They set a “hold” rating and a GBX 50 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 50.50.

Marks Electrical Group Stock Up 0.1%

The firm has a market capitalization of £48.54 million, a price-to-earnings ratio of -45.19 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 stock has a fifty day moving average of GBX 45.60 and a two-hundred day moving average of GBX 52.60.

Marks Electrical Group (LON:MRK) last announced its earnings results on Thursday, November 13th. The company reported GBX (0.31) EPS for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. Sell-side analysts anticipate that Marks Electrical Group PLC will post 3.5523979 earnings per share for the current year.

Marks Electrical Group Company Profile

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. It sells its products through online platform. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021. Marks Electrical Group PLC was founded in 1987 and is headquartered in Leicester, United Kingdom.