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 research note published on Tuesday morning, Marketbeat Ratings reports.

Separately, Canaccord Genuity Group reissued 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 Trading Up 0.7 %

Shares of Marks Electrical Group stock opened at GBX 70 ($0.87) on Tuesday. The company has a market capitalization of £73.47 million, a price-to-earnings ratio of 1,750.00 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 6.38. Marks Electrical Group has a 12-month low of GBX 65 ($0.81) and a 12-month high of GBX 110 ($1.37). The firm’s 50-day moving average price is GBX 71.64 and its two-hundred day moving average price is GBX 82.29.

Insiders Place Their Bets

In other news, insider Joshua E. T. A. Egan purchased 15,000 shares of the stock in a transaction on Thursday, January 25th. The stock was purchased at an average price of GBX 75 ($0.93) per share, for a total transaction of £11,250 ($14,004.73). Company 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.