Shore Capital Reaffirms “Buy” Rating for Marks Electrical Group (LON:MRK)

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating restated by Shore Capital in a report released on Tuesday, Marketbeat reports.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 100 ($1.24) price target on shares of Marks Electrical Group in a research report on Tuesday.

Marks Electrical Group Stock Performance

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

Insider Activity

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

About Marks Electrical Group

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.