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

Shore Capital reaffirmed their buy rating on shares of Marks Electrical Group (LON:MRK) in a report issued on Thursday,London Stock Exchange reports.

Separately, Canaccord Genuity Group boosted their price target on shares of Marks Electrical Group from GBX 70 ($0.91) to GBX 73 ($0.95) and gave the stock a “buy” rating in a report on Thursday.

Marks Electrical Group Price Performance

Shares of LON:MRK opened at GBX 57.50 ($0.75) on Thursday. Marks Electrical Group has a 1-year low of GBX 48 ($0.62) and a 1-year high of GBX 77 ($1.00). The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 8.42. The stock has a market cap of £60.35 million, a PE ratio of 141.35 and a beta of 0.73. The stock’s fifty day simple moving average is GBX 56.15 and its two-hundred day simple moving average is GBX 55.34.

Insider Activity at Marks Electrical Group

In related news, insider Warren Middleton purchased 18,379 shares of Marks Electrical Group stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of GBX 54 ($0.70) per share, for a total transaction of £9,924.66 ($12,882.48). 79.32% of the stock is currently owned by company insiders.

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.