Marks Electrical Group (LON:MRK) Issues Earnings Results

by · The Markets Daily

Marks Electrical Group (LON:MRK – Get Free Report) announced its quarterly earnings data on Monday. The company reported GBX (40) EPS for the quarter, Digital Look Earnings reports. The firm had revenue of £107.93 million for the quarter. Marks Electrical Group had a negative net margin of 0.39% and a negative return on equity of 4.18%.

Marks Electrical Group Trading Down 0.9%

LON:MRK opened at GBX 45.30 on Monday. The firm has a 50 day moving average of GBX 48.58 and a 200 day moving average of GBX 47.06. The stock has a market capitalization of £47.23 million, a price-to-earnings ratio of -43.98 and a beta of 0.57. The company has a quick ratio of 0.62, a current ratio of 1.49 and a debt-to-equity ratio of 18.87. Marks Electrical Group has a 52 week low of GBX 42 and a 52 week high of GBX 63.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 55 target price on shares of Marks Electrical Group in a research report on Friday. Shore Capital Group reissued a “hold” rating and issued a GBX 50 target price on shares of Marks Electrical Group in a report on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 52.50.

Check Out Our Latest Stock Report on MRK

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.

Recommended Stories