Canaccord Genuity Group Reiterates “Buy” Rating for Marks Electrical Group (LON:MRK)

Canaccord Genuity Group reaffirmed their buy rating on shares of Marks Electrical Group (LON:MRK) in a research report report published on Tuesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 100 ($1.24) price target on the stock.

Marks Electrical Group Stock Up 0.7 %

Shares of LON MRK opened at GBX 70 ($0.87) on Tuesday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. Marks Electrical Group has a 52 week low of GBX 65 ($0.81) and a 52 week high of GBX 110 ($1.37). The stock has a market capitalization of £73.47 million, a P/E ratio of 1,750.00 and a beta of 0.80. The stock’s fifty day moving average is GBX 71.64 and its 200 day moving average is GBX 82.29.

Insider Buying and Selling at Marks Electrical Group

In other Marks Electrical Group news, insider Joshua E. T. A. Egan bought 15,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were purchased at an average price of GBX 75 ($0.93) per share, for a total transaction of £11,250 ($14,004.73). Company insiders own 79.04% of the company’s stock.

Marks Electrical Group Company Profile

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.