Jefferies Financial Group Reaffirms Buy Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued on Friday, Marketbeat.com reports. They presently have a GBX 250 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 24.38% from the company’s previous close.

A number of other analysts also recently weighed in on WIX. Citigroup decreased their price objective on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 165 target price on shares of Wickes Group in a report on Wednesday, September 16th. Canaccord Genuity Group reduced their price target on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Shore Capital Group reiterated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Tuesday, July 21st. Finally, Berenberg Bank reissued a “buy” rating and issued 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Wickes Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 238.33.

Wickes Group Stock Performance

Shares of LON WIX opened at GBX 201 on Friday. The company has a debt-to-equity ratio of 638.77, a quick ratio of 0.58 and a current ratio of 1.03. Wickes Group has a 52-week low of GBX 169.20 and a 52-week high of GBX 255. The firm has a 50 day moving average price of GBX 195.72 and a two-hundred day moving average price of GBX 193.99. The stock has a market cap of £440.71 million, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

Wickes Group (LON:WIX) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. As a group, equities analysts forecast that Wickes Group will post 16.23 EPS for the current 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.