Wickes Group (LON:WIX) Given Buy Rating at Berenberg Bank

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They currently have a GBX 265 target price on the stock. Berenberg Bank’s target price points to a potential upside of 50.40% from the stock’s previous close.

Several other research firms also recently weighed in on WIX. Jefferies Financial Group reissued a “buy” rating and issued a GBX 278 price objective on shares of Wickes Group in a report on Tuesday, May 12th. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Finally, Canaccord Genuity Group increased their price objective on Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Wickes Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 246.67.

Wickes Group Stock Performance

Shares of WIX opened at GBX 176.20 on Thursday. The stock has a 50 day moving average price of GBX 192.78 and a 200 day moving average price of GBX 217.12. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57. The company has a market capitalization of £388.34 million, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. Wickes Group has a 52-week low of GBX 169.20 and a 52-week high of GBX 255.

Wickes Group (LON:WIX) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. Research analysts predict that Wickes Group will post 16.2278978 EPS for the current fiscal year.

Insider Activity at Wickes Group

In other news, insider David Wood sold 355,050 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 223, for a total transaction of £791,761.50. Also, insider Mark George sold 223,433 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 220, for a total value of £491,552.60. 0.70% of the stock is currently owned by corporate insiders.

Wickes Group Company Profile

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have 228 stores across the UK, employing 7,400 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £27 billion UK Home Improvement market. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market.

At Wickes, we have a clear purpose, which is to ‘help the nation feel house proud’, and we do this by focusing on our three customer segments – Local Trade, Do-it-for-me and DIY retail.