Marks Electrical Group (LON:MRK) Stock Price Up 0.1% – Still a Buy?

Marks Electrical Group PLC (LON:MRK)’s share price shot up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 46.55 and last traded at GBX 46.55. 278 shares were traded during trading, a decline of 99% from the average session volume of 21,002 shares. The stock had previously closed at GBX 46.50.

Analyst Ratings Changes

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

Marks Electrical Group Stock Performance

The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 8.42. The firm has a market capitalization of £48.54 million, a P/E ratio of -45.19 and a beta of 0.73. The company’s 50 day moving average is GBX 45.60 and its 200-day moving average is GBX 52.60.

Marks Electrical Group (LON:MRK) last announced 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 net margin of 0.37% and a return on equity of 3.05%. As a group, equities analysts anticipate that Marks Electrical Group PLC will post 3.5523979 EPS 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.