Wickes Group plc (LON:WIX) Stock Has Average Target Price of GBX 238.33

Wickes Group plc (LON:WIX) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 238.33.

Several equities analysts have issued reports on the stock. Shore Capital Group reissued a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 165 target price on shares of Wickes Group in a research note on Wednesday, September 16th. Canaccord Genuity Group reduced their target price on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 250 price target on shares of Wickes Group in a research note on Friday, October 9th.

Wickes Group Stock Up 2.4%

WIX stock opened at GBX 213 on Friday. The stock has a market cap of £467.02 million, a P/E ratio of 13.23, a PEG ratio of 0.79 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77. Wickes Group has a twelve month low of GBX 169.20 and a twelve month high of GBX 255. The company’s 50 day moving average is GBX 196.06 and its two-hundred day moving average is GBX 194.04.

Wickes Group (LON:WIX) last announced its earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share (EPS) for the quarter. Wickes Group had a return on equity of 30.64% and a net margin of 2.23%. Research analysts expect that Wickes Group will post 16.23 earnings per share for the current fiscal year.

Wickes Group Company Profile

Wickes is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value and best-in-class service to customers across the United Kingdom, making it well placed to outperform its growing markets. In response to gradual structural shifts in its markets over recent years, Wickes has a balanced business focusing on three key customer journeys – TradePro, DIY (together reported as Retail) and our project-based Design & Installation division.

Wickes operates from its network of 230 stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members, and Wickes DIY app.