Wickes Group’s (WIX) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Wickes Group (LON:WIX) in a report issued on Thursday morning, Marketbeat reports. The firm currently has a GBX 250 target price on the stock.

Several other research firms have also weighed in on WIX. Citigroup dropped their price objective on shares of Wickes Group from GBX 202 to GBX 200 and set a “neutral” rating for the company in a report on Thursday, September 11th. Shore Capital reaffirmed a “buy” rating and set a GBX 250 price target on shares of Wickes Group in a report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft lowered Wickes Group to a “sell” rating and reduced their price objective for the stock from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Two investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 223.75.

Wickes Group Stock Down 0.9%

Shares of LON WIX opened at GBX 225 on Thursday. The stock has a market cap of £507.01 million, a PE ratio of 23.68, a PEG ratio of 0.79 and a beta of 0.78. The business has a fifty day moving average of GBX 211.68 and a two-hundred day moving average of GBX 212.75. Wickes Group has a 52-week low of GBX 142.30 and a 52-week high of GBX 236. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10.

Wickes Group (LON:WIX) last posted its earnings results on Tuesday, September 30th. The company reported GBX 15.10 earnings per share for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. As a group, equities research analysts expect that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

Insider Transactions at Wickes Group

In other news, insider Michael Iddon acquired 15,317 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average cost of GBX 196 per share, for a total transaction of £30,021.32. 0.38% 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.