Marks Electrical Group (LON:MRK) Shares Up 1.7% - Here's Why

Marks Electrical Group PLC (LON:MRK - Get Free Report) shares rose 1.7% during trading on Wednesday . The stock traded as high as GBX 59 ($0.78) and last traded at GBX 59 ($0.78). Approximately 87,789 shares were traded during trading, a decline of 49% from the average daily volume of 172,265 shares. The stock had previously closed at GBX 58 ($0.76).

Analysts Set New Price Targets

A number of research firms have commented on MRK. Shore Capital restated a "buy" rating on shares of Marks Electrical Group in a research note on Thursday, April 10th. Canaccord Genuity Group upped their price objective on Marks Electrical Group from GBX 70 ($0.92) to GBX 73 ($0.96) and gave the company a "buy" rating in a research note on Thursday, April 10th.

Marks Electrical Group Stock Down 1.7 %

The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 8.42. The firm has a 50 day moving average price of GBX 56.32 and a 200-day moving average price of GBX 55.31. The firm has a market cap of £61.92 million, a price-to-earnings ratio of 145.03 and a beta of 0.73.

Insider Activity at Marks Electrical Group

In related news, insider Warren Middleton purchased 18,379 shares of the firm's stock in a transaction on Friday, January 31st. The stock was purchased at an average price of GBX 54 ($0.71) per share, for a total transaction of £9,924.66 ($13,086.31). Insiders own 79.32% of the company's stock.

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.