Marks Electrical Group (LON:MRK - Get Free Report) had its price objective lifted by analysts at Canaccord Genuity Group from GBX 70 ($0.92) to GBX 73 ($0.96) in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price indicates a potential upside of 23.73% from the company's current price.
Marks Electrical Group Stock Down 1.7 %
Shares of MRK traded down GBX 1 ($0.01) during midday trading on Thursday, hitting GBX 59 ($0.78). The stock had a trading volume of 62 shares, compared to its average volume of 163,250. 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 has a market cap of £61.92 million, a price-to-earnings ratio of 145.03 and a beta of 0.73. The company has a 50 day simple moving average of GBX 56.32 and a two-hundred day simple moving average of GBX 55.31. Marks Electrical Group has a twelve month low of GBX 48 ($0.63) and a twelve month high of GBX 77 ($1.02).
Insider Transactions at Marks Electrical Group
In related news, insider Warren Middleton acquired 18,379 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was bought at an average price of GBX 54 ($0.71) per share, for a total transaction of £9,924.66 ($13,086.31). Company insiders own 79.32% of the company's stock.
About Marks Electrical Group
(
Get Free Report)
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.
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