Marks Electrical Group (LON:MRK) Now Covered by Analysts at Shore Capital

Analysts at Shore Capital initiated coverage on shares of Marks Electrical Group (LON:MRK) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set a “hold” rating and a GBX 50 price target on the stock. Shore Capital’s target price suggests a potential upside of 8.70% from the stock’s previous close.

Separately, Canaccord Genuity Group dropped their price target on Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating on the stock in a research note on Thursday, September 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Marks Electrical Group has an average rating of “Moderate Buy” and a consensus target price of GBX 50.50.

Marks Electrical Group Trading Down 5.2%

LON:MRK traded down GBX 2.50 on Thursday, reaching GBX 46. The company’s stock had a trading volume of 18,591 shares, compared to its average volume of 98,405. The firm has a market cap of £47.96 million, a PE ratio of -33.33 and a beta of 0.73. Marks Electrical Group has a 1-year low of GBX 46 and a 1-year high of GBX 63. The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.62 and a current ratio of 1.59. The business’s 50-day moving average price is GBX 52.90 and its two-hundred day moving average price is GBX 57.29.

Marks Electrical Group (LON:MRK) last released its quarterly earnings results on Thursday, November 13th. The company reported GBX (0.31) earnings per share for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. Equities research analysts anticipate that Marks Electrical Group will post 3.5523979 earnings per share for the current fiscal year.

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.