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

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a research report issued on Thursday,London Stock Exchange reports.

Separately, Canaccord Genuity Group raised their target price on shares of Marks Electrical Group from GBX 70 ($0.89) to GBX 73 ($0.93) and gave the stock a “buy” rating in a research note on Thursday.

Marks Electrical Group Price Performance

Shares of LON:MRK traded up GBX 1.38 ($0.02) during midday trading on Thursday, hitting GBX 58.88 ($0.75). The company’s stock had a trading volume of 49,295 shares, compared to its average volume of 169,334. The company has a market cap of £61.79 million, a P/E ratio of 144.73 and a beta of 0.73. Marks Electrical Group has a 12-month low of GBX 48 ($0.61) and a 12-month high of GBX 77 ($0.98). The business’s 50 day simple moving average is GBX 56.04 and its 200 day simple moving average is GBX 55.35. The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.62 and a current ratio of 1.59.

Insider Transactions at Marks Electrical Group

In other news, insider Warren Middleton purchased 18,379 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of GBX 54 ($0.69) per share, for a total transaction of £9,924.66 ($12,681.65). Insiders own 79.32% of the company’s stock.

About Marks Electrical Group

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.