Marks Electrical Group (LON:MRK) Trading Down 0.3% – What’s Next?

Marks Electrical Group PLC (LON:MRKGet Free Report)’s stock price traded down 0.3% during mid-day trading on Thursday . The stock traded as low as GBX 45.38 and last traded at GBX 45.38. 8,182 shares were traded during trading, a decline of 78% from the average session volume of 37,797 shares. The stock had previously closed at GBX 45.50.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MRK shares. Shore Capital Group restated a “hold” rating and issued a GBX 50 target price on shares of Marks Electrical Group in a research note on Friday, June 19th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 55 price target on shares of Marks Electrical Group in a research note on Friday, June 19th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 52.50.

Get Our Latest Research Report on Marks Electrical Group

Marks Electrical Group Stock Down 0.3%

The company has a debt-to-equity ratio of 18.87, a quick ratio of 0.62 and a current ratio of 1.49. The business’s 50 day moving average is GBX 45.47 and its 200-day moving average is GBX 46.80. The firm has a market capitalization of £47.21 million, a price-to-earnings ratio of -113.46 and a beta of 0.58.

Marks Electrical Group (LON:MRKGet Free Report) last posted its quarterly earnings data on Monday, June 22nd. The company reported GBX (40) earnings per share for the quarter. Marks Electrical Group had a negative return on equity of 4.18% and a negative net margin of 0.39%.The business had revenue of £107.93 million for the quarter. Equities analysts anticipate that Marks Electrical Group PLC will post 3.5523979 EPS for the current fiscal year.

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. 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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