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

Canaccord Genuity Group reaffirmed their buy rating on shares of Wickes Group (LON:WIX) in a research report released on Friday, MarketBeat Ratings reports. They currently have a GBX 250 price target on the stock.

A number of other analysts have also weighed in on WIX. Shore Capital reissued a “buy” rating on shares of Wickes Group in a research report on Thursday. Citigroup upped their target price on Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 230.50.

Wickes Group Stock Performance

Shares of WIX opened at GBX 233.50 on Friday. The company’s fifty day simple moving average is GBX 230.54 and its 200-day simple moving average is GBX 220.98. The company has a market cap of £519.34 million, a P/E ratio of 24.58, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98. Wickes Group has a twelve month low of GBX 152 and a twelve month high of GBX 243.

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.