Wickes Group (LON:WIX) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a note issued to investors on Friday, Marketbeat reports. They currently have a GBX 250 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 22.25% from the stock’s current price.

Several other research firms also recently weighed in on WIX. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 165 target price on shares of Wickes Group in a research report on Wednesday, September 16th. Shore Capital Group restated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Tuesday, July 21st. Citigroup dropped their price objective 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. Berenberg Bank reiterated a “buy” rating and set a GBX 265 price objective on shares of Wickes Group in a research report on Wednesday, July 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Wickes Group has an average rating of “Moderate Buy” and a consensus price target of GBX 238.33.

Wickes Group Trading Up 2.0%

Shares of LON WIX opened at GBX 204.50 on Friday. 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 business’s 50 day moving average is GBX 195.72 and its two-hundred day moving average is GBX 193.95. The stock has a market capitalization of £448.38 million, a P/E ratio of 12.70, a PEG ratio of 0.79 and a beta of 0.85.

Wickes Group (LON:WIX) last posted 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 return on equity of 30.64% and a net margin of 2.23%. As a group, research analysts expect that Wickes Group will post 16.23 EPS 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.