Canaccord Genuity Group Reiterates “Buy” Rating for Marks Electrical Group (LON:MRK)

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 55 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 14.70% from the stock’s previous close.

Marks Electrical Group Price Performance

MRK stock opened at GBX 47.95 on Thursday. The stock has a market cap of £50.00 million, a PE ratio of -46.55 and a beta of 0.67. Marks Electrical Group has a 12 month low of GBX 42 and a 12 month high of GBX 63. The company has a 50-day moving average price of GBX 46.43 and a 200 day moving average price of GBX 48.10. The company has a current ratio of 1.42, a quick ratio of 0.62 and a debt-to-equity ratio of 31.31.

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.