Marks Electrical Group (LON:MRK) Stock Price Up 2.2% – Here’s Why

Marks Electrical Group PLC (LON:MRK – Get Free Report) shares rose 2.2% on Tuesday . The company traded as high as GBX 50 and last traded at GBX 49.70. Approximately 814 shares were traded during trading, a decline of 98% from the average daily volume of 49,025 shares. The stock had previously closed at GBX 48.65.

A number of equities analysts have commented on MRK shares. Shore Capital Group reaffirmed a “hold” rating on shares of Marks Electrical Group in a research note on Monday, April 13th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 55 target price on shares of Marks Electrical Group in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marks Electrical Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 52.50.

Get Our Latest Stock Report on MRK

The company has a quick ratio of 0.62, a current ratio of 1.42 and a debt-to-equity ratio of 31.31. The stock has a market cap of £51.82 million, a price-to-earnings ratio of -48.25 and a beta of 0.67. The business’s fifty day moving average is GBX 47.27 and its two-hundred day moving average is GBX 46.84.

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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