Wickes Group (LON:WIX) Earns Buy Rating from Berenberg Bank

Wickes Group (LON:WIX)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 265 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 17.26% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup cut their price objective on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Shore Capital Group restated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 165 target price on shares of Wickes Group in a research report on Wednesday, September 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 250 target price on shares of Wickes Group in a research report on Tuesday. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 260 price target on shares of Wickes Group in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Trading Down 0.2%

Shares of LON:WIX traded down GBX 0.50 during mid-day trading on Wednesday, reaching GBX 226. 376,754 shares of the company were exchanged, compared to its average volume of 1,603,723. Wickes Group has a 1 year low of GBX 169.20 and a 1 year high of GBX 255. The company has a debt-to-equity ratio of 638.77, a current ratio of 1.03 and a quick ratio of 0.58. The firm’s 50-day simple moving average is GBX 196.93 and its 200 day simple moving average is GBX 194.11. The firm has a market cap of £495.52 million, a price-to-earnings ratio of 14.04, a P/E/G ratio of 0.79 and a beta of 0.85.

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 return on equity of 30.64% and a net margin of 2.23%. Equities research analysts forecast that Wickes Group will post 16.23 EPS for the current year.

More Wickes Group News

Here are the key news stories impacting Wickes Group this week:

• Positive Sentiment: Improved Q3 trading: Third-quarter revenue increased 4.5% to approximately £439 million, with retail growth accelerating. The company maintained its outlook for around 10% growth in FY26 adjusted profit before tax, reassuring investors that earnings remain on track. Wickes third-quarter revenue rises almost 5% as retail growth accelerates
• Positive Sentiment: Broker support: Jefferies retained its “buy” recommendation and a GBX 250 price target after the trading update, indicating confidence in Wickes’ improving retail momentum and earnings outlook. Wickes shares jump 6% after sharp retail improvement; Jefferies retains buy
• Positive Sentiment: Additional analyst endorsements: Canaccord Genuity reaffirmed its “buy” rating with a GBX 260 target, while Berenberg also maintained “buy” and set a GBX 265 target. These targets remain above the recent trading level and reinforce the positive analyst view. Berenberg reaffirms buy rating and GBX 265 price target

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.