Marks Electrical Group (LON:MRK) Earns "Hold" Rating from Shore Capital Group

Key Points

• Shore Capital Group reiterated a Hold on Marks Electrical, while Canaccord Genuity restated a Buy and set a GBX 55 price target; the consensus rating is a Moderate Buy with a consensus target of GBX 52.50.
• Shares opened at GBX 49.40 (1‑year range GBX 42–63) and the company has a market cap of £51.5m and a negative P/E of -47.96, with a debt/equity of 31.31 and a current ratio of 1.42, indicating recent losses and modest liquidity.

Marks Electrical Group (LON:MRK - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Shore Capital Group in a research note issued to investors on Monday,London Stock Exchange reports.

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 55 price objective on shares of Marks Electrical Group in a research report on Monday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 52.50.

Marks Electrical Group Price Performance

Shares of MRK opened at GBX 49.40 on Monday. Marks Electrical Group has a 1 year low of GBX 42 and a 1 year high of GBX 63. The company has a debt-to-equity ratio of 31.31, a current ratio of 1.42 and a quick ratio of 0.62. The company has a market capitalization of £51.51 million, a price-to-earnings ratio of -47.96 and a beta of 0.67. The business has a 50-day moving average of GBX 46.57 and a 200-day moving average of GBX 47.07.

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.

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