Marks Electrical Group (LON:MRK) Trading Down 0.7% – Here’s Why

Marks Electrical Group PLC (LON:MRK)’s share price fell 0.7% during mid-day trading on Thursday . The stock traded as low as GBX 48.04 and last traded at GBX 48.04. 2,008 shares traded hands during trading, a decline of 95% from the average session volume of 38,240 shares. The stock had previously closed at GBX 48.40.

Analysts Set New Price Targets

Several equities research analysts recently commented on MRK shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 55 price target on shares of Marks Electrical Group in a research note on Monday, April 13th. Shore Capital Group reaffirmed a “hold” rating on shares of Marks Electrical Group in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 52.50.

Marks Electrical Group Stock Performance

The company has a debt-to-equity ratio of 31.31, a quick ratio of 0.62 and a current ratio of 1.42. The firm’s 50 day moving average is GBX 48.61 and its 200-day moving average is GBX 47.05. The firm has a market cap of £50.09 million, a price-to-earnings ratio of -46.64 and a beta of 0.67.

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.