Marks Electrical Group (LON:MRK) Receives Hold Rating from Shore Capital Group

Shore Capital Group reaffirmed their hold rating on shares of Marks Electrical Group (LON:MRK) in a report published on Monday morning, Marketbeat.com reports.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 55 price target on shares of Marks Electrical Group in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 52.50.

Marks Electrical Group Stock Up 4.8%

Shares of MRK opened at GBX 49.40 on Monday. The stock has a market capitalization of £51.51 million, a PE ratio of -47.96 and a beta of 0.67. Marks Electrical Group has a 1 year low of GBX 42 and a 1 year high of GBX 63. 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 company’s 50-day simple moving average is GBX 46.63 and its 200-day simple moving average is GBX 47.06.

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.