Wickes Group (LON:WIX) Earns Buy Rating from Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 260 price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 14.79% from the company’s previous close.

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

Wickes Group Price Performance

Shares of LON:WIX traded up GBX 11 during trading on Tuesday, reaching GBX 226.50. The company had a trading volume of 1,283,728 shares, compared to its average volume of 1,609,767. The company has a fifty day moving average of GBX 196.38 and a two-hundred day moving average of GBX 194. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77. The stock has a market capitalization of £496.62 million, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. Wickes Group has a 12 month low of GBX 169.20 and a 12 month high of GBX 255.

Wickes Group (LON:WIX) last announced its 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%. Equities research analysts forecast that Wickes Group will post 16.23 earnings per share 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.