Marks Electrical Group’s (MRK) “Hold” Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their hold rating on shares of Marks Electrical Group (LON:MRK) in a research note published on Friday, Marketbeat.com reports.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 55 target price on shares of Marks Electrical Group in a report on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 52.50.

Marks Electrical Group Price Performance

LON:MRK opened at GBX 47.95 on Friday. The company’s 50-day moving average is GBX 46.43 and its two-hundred day moving average is GBX 47.95. Marks Electrical Group has a 12-month low of GBX 42 and a 12-month high of GBX 63. The firm has a market cap of £50.00 million, a price-to-earnings ratio of -46.55 and a beta of 0.67. The company has a current ratio of 1.42, a quick ratio of 0.62 and a debt-to-equity ratio of 31.31.

About Marks Electrical Group

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.