Marks Electrical Group (LON:MRK) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Marks Electrical Group (LON:MRK) in a report released on Monday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 55 target price on the stock.

Separately, Shore Capital Group restated a “hold” rating on shares of Marks Electrical Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 52.50.

Marks Electrical Group Stock Performance

Marks Electrical Group stock opened at GBX 49.40 on Monday. The firm’s fifty day moving average price is GBX 46.63 and its 200-day moving average price is GBX 47.06. 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 has a market cap of £51.51 million, a P/E ratio of -47.96 and a beta of 0.67. Marks Electrical Group has a fifty-two week low of GBX 42 and a fifty-two week high of GBX 63.

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.