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

Wickes Group (LON:WIX)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research report issued on Friday, October 9th, MarketBeat Ratings reports. They presently have a GBX 250 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 17.37% from the company’s current price.

Several other brokerages have also commented on WIX. Citigroup cut their target price on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. 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 note on Wednesday, July 22nd. Shore Capital Group reissued a “buy” rating and set a GBX 280 price target 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 report on Wednesday, September 16th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 265 price objective on shares of Wickes Group in a research report on Wednesday, July 22nd. Four research 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’s stock. Based on data from MarketBeat.com, Wickes Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Price Performance

Shares of Wickes Group stock traded up GBX 5 during mid-day trading on Friday, reaching GBX 213. 261,946 shares of the stock were exchanged, compared to its average volume of 1,617,531. The firm has a 50-day simple moving average of GBX 195.84 and a 200 day simple moving average of GBX 193.90. 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 company has a market cap of £467.02 million, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255.

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