Marks Electrical Group’s (MRK) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Marks Electrical Group (LON:MRK) in a research report released on Thursday morning, Marketbeat Ratings reports. They currently have a GBX 55 target price on the stock.

Marks Electrical Group Trading Down 1.0%

LON MRK opened at GBX 47.50 on Thursday. The firm has a market cap of £49.53 million, a PE ratio of -46.12 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 stock has a 50-day moving average of GBX 46.39 and a 200-day moving average of GBX 48.18. The company has a current ratio of 1.42, a quick ratio of 0.62 and a debt-to-equity ratio of 31.31.

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.