Marks Electrical Group (LON:MRK) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Marks Electrical Group (LON:MRK) had its price objective boosted by Canaccord Genuity Group from GBX 70 ($0.89) to GBX 73 ($0.93) in a report released on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 23.99% from the company’s previous close.

Marks Electrical Group Stock Up 2.4 %

Marks Electrical Group stock traded up GBX 1.38 ($0.02) during midday trading on Thursday, hitting GBX 58.88 ($0.75). The stock had a trading volume of 49,295 shares, compared to its average volume of 169,334. 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 £61.79 million, a P/E ratio of 144.73 and a beta of 0.73. Marks Electrical Group has a 12 month low of GBX 48 ($0.61) and a 12 month high of GBX 77 ($0.98). The business has a fifty day moving average price of GBX 56.04 and a 200 day moving average price of GBX 55.35.

Insider Buying and Selling

In other Marks Electrical Group news, insider Warren Middleton acquired 18,379 shares of Marks Electrical Group stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of GBX 54 ($0.69) per share, with a total value of £9,924.66 ($12,681.65). 79.32% of the stock is currently owned by corporate 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.