Marks Electrical Group (LON:MRK) Trading 1.1% Higher – Still a Buy?

Marks Electrical Group PLC (LON:MRK)’s stock price was up 1.1% during mid-day trading on Monday . The stock traded as high as GBX 46.50 and last traded at GBX 46.50. Approximately 200 shares were traded during trading, a decline of 100% from the average daily volume of 117,397 shares. The stock had previously closed at GBX 46.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Canaccord Genuity Group lowered their price target on Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating for the company in a research report on Thursday, September 25th. Shore Capital started coverage on shares of Marks Electrical Group in a research note on Thursday, November 13th. They issued a “hold” rating and a GBX 50 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 50.50.

Marks Electrical Group Trading Up 1.1%

The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62. The company has a market capitalization of £48.48 million, a P/E ratio of -45.15 and a beta of 0.73. The firm has a fifty day moving average price of GBX 46.60 and a 200-day moving average price of GBX 54.19.

Marks Electrical Group (LON:MRK) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX (0.31) earnings per share for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. On average, equities research analysts anticipate that Marks Electrical Group PLC will post 3.5523979 earnings per share for the current year.

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. It sells its products through online platform. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021. Marks Electrical Group PLC was founded in 1987 and is headquartered in Leicester, United Kingdom.