Wickes Group plc (LON:WIX) Receives Average Recommendation of “Moderate Buy” from Analysts

Wickes Group plc (LON:WIX) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 248.

WIX has been the subject of a number of research analyst reports. Canaccord Genuity Group cut their price target on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Berenberg Bank restated a “buy” rating and issued a GBX 265 price objective on shares of Wickes Group in a research report on Wednesday, July 22nd. Citigroup dropped their target price on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Shore Capital Group reiterated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a report on Tuesday, May 12th.

Wickes Group Price Performance

Shares of WIX stock opened at GBX 199.20 on Wednesday. The stock’s fifty day moving average is GBX 187.44 and its 200-day moving average is GBX 205.50. The company has a debt-to-equity ratio of 551.57, a quick ratio of 0.58 and a current ratio of 1.07. The stock has a market capitalization of £438.04 million, a PE ratio of 12.15, a PEG 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 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.