Shore Capital Group Reaffirms Hold Rating for Marks Electrical Group (LON:MRK)

Marks Electrical Group (LON:MRK)‘s stock had its “hold” rating restated by analysts at Shore Capital Group in a report released on Friday,Digital Look reports. They currently have a GBX 50 price target on the stock. Shore Capital Group’s target price indicates a potential upside of 10.50% from the stock’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 55 target price on shares of Marks Electrical Group in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 52.50.

Marks Electrical Group Trading Down 7.7%

MRK opened at GBX 45.25 on Friday. The company has a debt-to-equity ratio of 31.31, a current ratio of 1.42 and a quick ratio of 0.62. The company has a market cap of £47.18 million, a price-to-earnings ratio of -43.93 and a beta of 0.67. The firm has a 50 day simple moving average of GBX 48.61 and a 200 day simple moving average of GBX 47.05. Marks Electrical Group has a fifty-two week low of GBX 42 and a fifty-two week high of GBX 63.

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. 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.