Wickes Group’s (WIX) Buy Rating Reaffirmed at Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 260 target price on the stock. Canaccord Genuity Group‘s price objective points to a potential upside of 13.79% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 250 price target on shares of Wickes Group in a report on Tuesday. Citigroup dropped their price objective on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 165 target price on shares of Wickes Group in a research report on Wednesday, September 16th. Shore Capital Group restated a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a research note on Tuesday, July 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 238.33.

Wickes Group Stock Performance

Shares of WIX opened at GBX 228.50 on Tuesday. Wickes Group has a 12 month low of GBX 169.20 and a 12 month high of GBX 255. The stock has a fifty day moving average price of GBX 198.12 and a 200-day moving average price of GBX 194.33. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77. The firm has a market cap of £501.00 million, a PE ratio of 14.19, a P/E/G ratio of 0.79 and a beta of 0.85.

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

About Wickes Group

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.