Marks Electrical Group’s (MRK) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Marks Electrical Group (LON:MRK) in a report published on Tuesday morning, MarketBeat.com reports.

Separately, Canaccord Genuity Group reaffirmed a buy rating and issued a GBX 100 ($1.24) target price on shares of Marks Electrical Group in a report on Tuesday.

Marks Electrical Group Stock Performance

Shares of MRK opened at GBX 70 ($0.87) on Tuesday. The stock has a market capitalization of £73.47 million, a P/E ratio of 1,700.00 and a beta of 0.80. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. Marks Electrical Group has a 1 year low of GBX 65 ($0.81) and a 1 year high of GBX 110 ($1.37). The company’s fifty day moving average is GBX 71.52 and its two-hundred day moving average is GBX 82.01.

Insider Activity

In other Marks Electrical Group news, insider Joshua E. T. A. Egan acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average price of GBX 75 ($0.93) per share, with a total value 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.