Marks Electrical Group PLC (LON:MRK) Insider Sells £28,000 in Stock

Marks Electrical Group PLC (LON:MRK) insider Joshua E. T. A. Egan sold 40,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of GBX 70 ($0.86), for a total value of £28,000 ($34,584.98).

Marks Electrical Group Price Performance

LON MRK opened at GBX 70 ($0.86) on Friday. 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 company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. The business’s fifty day moving average is GBX 71.16 and its two-hundred day moving average is GBX 80.53. Marks Electrical Group PLC has a 1 year low of GBX 65 ($0.80) and a 1 year high of GBX 110 ($1.36).

Wall Street Analysts Forecast Growth

MRK has been the topic of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 ($1.24) target price on shares of Marks Electrical Group in a report on Tuesday, April 16th. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research note on Tuesday, April 16th.

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.