Marks Electrical Group (LON:MRK) Earns Buy Rating from Shore Capital

Marks Electrical Group (LON:MRK)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a note issued to investors on Thursday,London Stock Exchange reports.

Separately, Canaccord Genuity Group lifted their price objective on Marks Electrical Group from GBX 70 ($0.89) to GBX 73 ($0.93) and gave the company a “buy” rating in a research note on Thursday.

Marks Electrical Group Trading Up 2.4 %

Shares of LON:MRK traded up GBX 1.38 ($0.02) during mid-day trading on Thursday, reaching GBX 58.88 ($0.75). 49,295 shares of the company were exchanged, compared to its average volume of 169,334. Marks Electrical Group has a 1 year low of GBX 48 ($0.61) and a 1 year high of GBX 77 ($0.98). The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62. The firm’s 50-day simple moving average is GBX 56.04 and its 200 day simple moving average is GBX 55.35. The firm has a market cap of £61.79 million, a price-to-earnings ratio of 144.73 and a beta of 0.73.

Insider Buying and Selling

In related news, insider Warren Middleton bought 18,379 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of GBX 54 ($0.69) per share, with a total value of £9,924.66 ($12,681.65). 79.32% of the stock is owned by insiders.

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.