Canaccord Genuity Group Lowers Marks Electrical Group (LON:MRK) Price Target to GBX 51

Marks Electrical Group (LON:MRK) had its price objective decreased by Canaccord Genuity Group from GBX 73 to GBX 51 in a research note released on Thursday, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

Marks Electrical Group Price Performance

MRK opened at GBX 52 on Thursday. The stock’s 50 day simple moving average is GBX 59.65 and its 200 day simple moving average is GBX 59.16. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62. Marks Electrical Group has a 1 year low of GBX 47.50 and a 1 year high of GBX 63. The firm has a market cap of £54.22 million, a price-to-earnings ratio of -3,768.12 and a beta of 0.73.

Marks Electrical Group (LON:MRK) last posted its quarterly earnings results on Wednesday, June 25th. The company reported GBX (1.38) earnings per share (EPS) for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. As a group, analysts predict that Marks Electrical Group 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.