Marks Electrical Group (MRK) Stock Forecast & Price Target

GBX 67.50

-1.00 (-1.46%)

(As of 07/26/2024 ET)

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Marks Electrical Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 2 Analyst Ratings

Based on 2 Wall Street analysts who have issued ratings for Marks Electrical Group in the last 12 months, the stock has a consensus rating of "Buy." Out of the 2 analysts, 2 have given a buy rating for MRK.

Consensus Price Target

GBX 100

High Forecast	GBX 100
Average Forecast	GBX 100
Low Forecast	GBX 100

According to the 2 analysts' twelve-month price targets for Marks Electrical Group, the average price target is GBX 100. The highest price target for MRK is GBX 100, while the lowest price target for MRK is GBX 100. The average price target represents a forecasted upside of 48.15% from the current price of GBX 67.50.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 100	GBX 100	GBX 111.50	GBX 122

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MRK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MRK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Marks Electrical Group Stock vs. The Competition

Type	Marks Electrical Group	Consumer Cyclical Companies
Consensus Rating Score	3.00	2.50
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/16/2024	Shore Capital 1 of 5 stars	Reiterated Rating	Buy
4/16/2024	Canaccord Genuity Group 3 of 5 stars	Reiterated Rating	Buy	GBX 100	+47.06%
11/8/2022	Berenberg Bank 2 of 5 stars	Reiterated Rating	Buy	GBX 120	+66.37%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:52 AM ET.

MRK Forecast - Frequently Asked Questions

What is Marks Electrical Group's forecast for 2024?: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Marks Electrical Group is GBX 100, with a high forecast of GBX 100 and a low forecast of GBX 100.
Should I buy or sell Marks Electrical Group stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marks Electrical Group in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRK shares.
Does Marks Electrical Group's stock price have much upside?: According to analysts, Marks Electrical Group's stock has a predicted upside of 47.06% based on their 12-month stock forecasts.
Do Wall Street analysts like Marks Electrical Group more than its competitors?: Analysts like Marks Electrical Group more than other "consumer cyclical" companies. The consensus rating for Marks Electrical Group is Buy while the average consensus rating for "consumer cyclical" companies is Moderate Buy. Learn more on how MRK compares to other companies.