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

Canaccord Genuity Group restated their buy rating on shares of Wickes Group (LON:WIX) in a research report report published on Tuesday,Digital Look reports. The firm currently has a GBX 260 price target on the stock.

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

Wickes Group Price Performance

WIX opened at GBX 228.50 on Tuesday. Wickes Group has a one year low of GBX 169.20 and a one year high of GBX 255. The company has a debt-to-equity ratio of 638.77, a current ratio of 1.03 and a quick ratio of 0.58. The company’s 50 day simple moving average is GBX 198.12 and its 200-day simple moving average is GBX 194.33. The stock has a market capitalization of £501.00 million, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

Wickes Group (LON:WIX) last issued its quarterly earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. Sell-side analysts anticipate 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.