Marks Electrical Group (LON:MRK) Rating Reiterated by Canaccord Genuity Group

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 100 ($1.24) price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 43.88% from the stock’s current price.

Marks Electrical Group Stock Performance

Shares of Marks Electrical Group stock opened at GBX 69.50 ($0.87) on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 6.38. Marks Electrical Group has a twelve month low of GBX 65 ($0.81) and a twelve month high of GBX 110 ($1.37). The stock has a market cap of £72.94 million, a price-to-earnings ratio of 1,737.50 and a beta of 0.80. The company’s fifty day moving average is GBX 71.69 and its 200 day moving average is GBX 82.37.

Insider Buying and Selling at Marks Electrical Group

In other Marks Electrical Group news, insider Joshua E. T. A. Egan purchased 15,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was purchased at an average cost of GBX 75 ($0.93) per share, for a total transaction of £11,250 ($14,004.73). Insiders own 79.04% of the company’s stock.

Marks Electrical Group Company Profile

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.