Marks Electrical Group PLC (LON:MRK – Get Free Report)’s share price traded up 1% during mid-day trading on Wednesday . The company traded as high as GBX 100 ($1.26) and last traded at GBX 100 ($1.26). 78,136 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 58,023 shares. The stock had previously closed at GBX 99 ($1.25).
Analyst Ratings Changes
Several equities research analysts have commented on MRK shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 123 ($1.55) price objective on shares of Marks Electrical Group in a report on Thursday, August 10th. Canaccord Genuity Group increased their price target on shares of Marks Electrical Group from GBX 117 ($1.48) to GBX 123 ($1.55) and gave the stock a “buy” rating in a report on Wednesday, June 14th. Finally, Shore Capital reissued a “buy” rating on shares of Marks Electrical Group in a report on Thursday, August 10th.
Get Our Latest Report on Marks Electrical Group
Marks Electrical Group Price Performance
Marks Electrical Group Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, July 13th were issued a GBX 0.66 ($0.01) dividend. This is a boost from Marks Electrical Group’s previous dividend of $0.30. The ex-dividend date of this dividend was Thursday, July 13th. This represents a dividend yield of 0.73%. Marks Electrical Group’s dividend payout ratio (DPR) is currently 4,000.00%.
Insider Transactions at Marks Electrical Group
In other news, insider Joshua E. T. A. Egan acquired 25,569 shares of the stock in a transaction on Friday, June 30th. The stock was acquired at an average price of GBX 99 ($1.25) per share, with a total value of £25,313.31 ($31,969.32). In related news, insider Joshua E. T. A. Egan acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average cost of GBX 100 ($1.26) per share, for a total transaction of £1,000 ($1,262.95). Also, insider Joshua E. T. A. Egan purchased 25,569 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was acquired at an average cost of GBX 99 ($1.25) per share, for a total transaction of £25,313.31 ($31,969.32). Company insiders own 78.98% of the company’s stock.
Marks Electrical Group Company Profile
Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.
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