Marks Electrical Group (MRK)

Sector:

Retailers

59.00p
   
  • Change Today:
    -3.00p
  • 52 Week High: 63.50p
  • 52 Week Low: 50.00p
  • Currency: UK Pounds
  • Shares Issued: 104.95m
  • Volume: 6,819
  • Market Cap: £61.92m
  • RiskGrade: 60
  • Beta: 0.02

Canaccord Genuity lowers target price on Marks Electrical

By Iain Gilbert

Date: Wednesday 10 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity lowered their target price on online retailer Marks Electrical from 123.0p to 100.0p on Wednesday, citing short-term product margin pressure.
Canaccord Genuity noted that Marks Electrical's recent trading update had outlined strong top-line growth of roughly 17.8% for Q3 and 22% year-to-date, slightly stronger than its expectations. However, it also pointed out that despite the "strong top-line growth", gross product margins had disappointed, negatively impacted by a continued drop in consumer trading, against a strong comparative in the first half.

As a result, management now expects full-year revenues of between £115.0m-118.0m and underlying earnings between £5.0m-6.0m.

"Following today's update, we maintain revenue estimates but downgrade our FY24E and FY25E EBITDA estimates by 38% and 28%, respectively. While today's update is disappointing, we believe it reflects short-term macroeconomic headwinds that are outside of management's control, while the business continues to take market share and maintain excellent customer service and cost discipline," said Canaccord.

The Canadian bank, which reiterated its 'buy' rating on the stock, also believes the long-term story for Marks "remains intact", yet, short-term, the shares were likely to "see pressure" given the "sizeable downgrades".















Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MRK Market Data

Currency UK Pounds
Share Price 59.00p
Change Today -3.00p
% Change -4.84 %
52 Week High 63.50p
52 Week Low 50.00p
Volume 6,819
Shares Issued 104.95m
Market Cap £61.92m
Beta 0.02
RiskGrade 60

MRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.81% below the market average28.81% below the market average28.81% below the market average28.81% below the market average28.81% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average
Price Trend
23.89% below the market average23.89% below the market average23.89% below the market average23.89% below the market average23.89% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
89.66% below the market average89.66% below the market average89.66% below the market average89.66% below the market average89.66% below the market average
82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average
Growth
70.21% below the market average70.21% below the market average70.21% below the market average70.21% below the market average70.21% below the market average
38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average

MRK Dividends

  Latest Previous
  Final Interim
Ex-Div 10-Jul-25 28-Nov-24
Paid 14-Aug-25 20-Dec-24
Amount 0.66p 0.30p

Trades for 28-Aug-2025

Time Volume / Share Price
16:35 0 @ 62.00p
16:35 1 @ 62.00p
16:35 1 @ 59.00p
16:35 1 @ 62.00p
16:35 0 @ 59.00p

MRK Key Personnel

CEO Mark Adrian Smithson

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