Marks Electrical Group (LON:MRK) Receives “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Marks Electrical Group (LON:MRK) in a report released on Tuesday, LSE.Co.UK reports.

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

Marks Electrical Group Trading Down 3.5 %

Shares of Marks Electrical Group stock opened at GBX 68 ($0.85) on Tuesday. 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 has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. The company has a market capitalization of £71.37 million, a P/E ratio of 1,700.00 and a beta of 0.80. The company’s fifty day moving average is GBX 71.75 and its two-hundred day moving average is GBX 82.46.

Insider Transactions at Marks Electrical Group

In other news, insider Joshua E. T. A. Egan bought 15,000 shares of Marks Electrical Group stock in a transaction dated Thursday, January 25th. The stock was bought 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.

About Marks Electrical Group

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.