Canaccord Genuity Group Reaffirms Buy Rating for Marks Electrical Group (LON:MRK)

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a report released on Friday,Digital Look reports. They presently have a GBX 55 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 21.55% from the company’s previous close.

Separately, Shore Capital Group reaffirmed a “hold” rating and issued a GBX 50 price target on shares of Marks Electrical Group in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Marks Electrical Group currently has an average rating of “Moderate Buy” and an average price target of GBX 52.50.

Marks Electrical Group Stock Performance

LON:MRK opened at GBX 45.25 on Friday. The company has a market cap of £47.18 million, a price-to-earnings ratio of -43.93 and a beta of 0.67. Marks Electrical Group has a fifty-two week low of GBX 42 and a fifty-two week high of GBX 63. 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 stock has a fifty day moving average price of GBX 48.61 and a 200-day moving average price of GBX 47.05.

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.