Berenberg Bank Reaffirms Buy Rating for Wickes Group (LON:WIX)

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

WIX has been the subject of several other research reports. Citigroup cut 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. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a report on Tuesday, July 21st. Canaccord Genuity Group restated a “buy” rating and issued a GBX 260 price objective on shares of Wickes Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 165 price objective on shares of Wickes Group in a research report on Wednesday, September 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 250 price objective on shares of Wickes Group in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 238.33.

Wickes Group Stock Down 0.2%

WIX traded down GBX 0.50 during midday trading on Wednesday, hitting GBX 226. 376,754 shares of the company’s stock traded hands, compared to its average volume of 1,603,723. The company has a market cap of £495.52 million, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The stock’s fifty day simple moving average is GBX 196.93 and its 200-day simple moving average is GBX 194.11. The company has a debt-to-equity ratio of 638.77, a current ratio of 1.03 and a quick ratio of 0.58. Wickes Group has a one year low of GBX 169.20 and a one year high of GBX 255.

Wickes Group (LON:WIX) last issued its quarterly earnings data 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 anticipate that Wickes Group will post 16.23 earnings per share for the current fiscal year.

Wickes Group News Summary

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

• Positive Sentiment: Improved third-quarter trading: Wickes reported a 4.5% year-over-year increase in third-quarter revenue to £439 million, with retail growth accelerating. The company also backed market expectations for approximately 10% growth in FY26 adjusted pre-tax profit. Wickes third-quarter revenue rises almost 5% as retail growth accelerates
• Positive Sentiment: Guidance maintained: Separate reports confirmed the 4.5% revenue growth and unchanged 2026 profit outlook, reducing concerns about a near-term earnings downgrade. Wickes Group Q3 Revenue Up 4.5%; Backs Market Forecast
• Positive Sentiment: Analyst support remains strong: Jefferies reiterated its “buy” rating with a GBX 250 target, Canaccord Genuity reaffirmed “buy” at GBX 260, and Berenberg maintained “buy” with a GBX 265 target. These targets imply further upside from the recent trading level. Berenberg reiterates buy rating on Wickes
• Neutral Sentiment: Short-term consolidation: Shares had jumped about 6% following the retail update, so the modest pullback may reflect profit-taking rather than a deterioration in fundamentals. Jefferies nevertheless retained its “buy” recommendation. Wickes shares jump after sharp retail improvement

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.