Marks Electrical Group (LON:MRK) Trading Up 0.5% – Here’s What Happened

Marks Electrical Group PLC (LON:MRK) shot up 0.5% on Monday . The company traded as high as GBX 46.25 and last traded at GBX 46.25. 60 shares traded hands during trading, a decline of 100% from the average session volume of 72,352 shares. The stock had previously closed at GBX 46.

Analysts Set New Price Targets

Separately, Shore Capital Group initiated coverage on Marks Electrical Group in a research note on Thursday, November 13th. They issued a “hold” rating and a GBX 50 price objective for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marks Electrical Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 50.50.

Marks Electrical Group Price Performance

The firm has a market cap of £48.22 million, a price-to-earnings ratio of -44.90 and a beta of 0.73. The company has a debt-to-equity ratio of 31.31, a quick ratio of 0.62 and a current ratio of 1.42. The stock’s 50 day simple moving average is GBX 46.48 and its 200-day simple moving average is GBX 49.30.

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. 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.