Wickes Group (LON:WIX) Stock Keeps Buy Rating at Jefferies Financial Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 250 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 12.03% from the stock’s previous close.

WIX has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 165 price target on shares of Wickes Group in a report on Wednesday, September 16th. Citigroup cut their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a research note on Tuesday, July 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a research note on Wednesday, July 22nd. Finally, Canaccord Genuity Group cut their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Four investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Stock Performance

WIX opened at GBX 223.16 on Tuesday. The stock has a market cap of £489.30 million, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The business’s 50 day moving average is GBX 196.38 and its 200-day moving average is GBX 194. Wickes Group has a twelve month low of GBX 169.20 and a twelve month high of GBX 255. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77.

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

About Wickes Group

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.