Marks Electrical Group PLC (LON:MRK – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 61.15 ($0.79) and last traded at GBX 67 ($0.86), with a volume of 31502 shares changing hands. The stock had previously closed at GBX 66 ($0.85).
Analysts Set New Price Targets
MRK has been the subject of a number of research reports. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research note on Tuesday, April 16th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 100 ($1.29) price objective on shares of Marks Electrical Group in a research note on Tuesday, April 16th.
View Our Latest Analysis on MRK
Marks Electrical Group Trading Up 1.5 %
Marks Electrical Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be paid a dividend of GBX 0.66 ($0.01) per share. The ex-dividend date is Thursday, July 11th. This is a positive change from Marks Electrical Group’s previous dividend of $0.30. This represents a dividend yield of 0.94%. Marks Electrical Group’s dividend payout ratio (DPR) is currently 2,500.00%.
Insider Transactions at Marks Electrical Group
In other news, insider Joshua E. T. A. Egan sold 61,279 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of GBX 70 ($0.90), for a total value of £42,895.30 ($55,177.90). Corporate insiders own 79.04% of the company’s stock.
About Marks Electrical Group
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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