Wickes Group plc (LON:WIX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Wickes Group plc (LON:WIX) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 249.17.

Several research firms have issued reports on WIX. Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a report on Tuesday, May 12th. Canaccord Genuity Group boosted their price objective on shares of Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a report on Thursday, April 9th.

Insiders Place Their Bets

In related news, insider David Wood sold 355,050 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total transaction of £791,761.50. Also, insider Mark George sold 223,433 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 220, for a total transaction of £491,552.60. Insiders own 0.39% of the company’s stock.

Wickes Group Stock Performance

Shares of WIX stock opened at GBX 171.80 on Friday. The business has a 50-day moving average price of GBX 200.84 and a two-hundred day moving average price of GBX 220.77. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255. The firm has a market cap of £382.90 million, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88.

Wickes Group (LON:WIX) last posted its quarterly earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a net margin of 2.35% and a return on equity of 29.52%. Equities analysts anticipate that Wickes Group will post 16.2278978 EPS for the current fiscal year.

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.