Marks Electrical Group (LON:MRK) Given "Buy" Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity reissued a "Buy" rating on Marks Electrical with a GBX 55 price target (about an 11.34% upside), while Shore Capital remains at "Hold" and the consensus is a Moderate Buy with an average target of GBX 52.50.
• The stock was trading up ~4.8% at an opening price of GBX 49.40; the company has a market cap of £51.51m, a one‑year range of GBX 42–63, and a negative P/E (-47.96), reflecting losses.

Marks Electrical Group (LON:MRK - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 55 price target on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 11.34% from the stock's current price.

Separately, Shore Capital Group reissued a "hold" rating on shares of Marks Electrical Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 52.50.

Marks Electrical Group Trading Up 4.8%

LON:MRK opened at GBX 49.40 on Monday. Marks Electrical Group has a one year low of GBX 42 and a one 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's 50-day simple moving average is GBX 46.57 and its 200 day simple moving average is GBX 47.07. The firm has a market capitalization of £51.51 million, a P/E ratio of -47.96 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.

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