Wickes Group’s (WIX) Buy Rating Reaffirmed at Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research note issued on Tuesday, October 20th, Digital Look reports. They currently have a GBX 260 price objective on the stock. Canaccord Genuity Group‘s price target indicates a potential upside of 10.40% from the company’s current price.

Other analysts have also recently issued reports about the company. Citigroup lowered their target price on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 250 price target on shares of Wickes Group in a research report on Tuesday, October 20th. 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 reaffirmed a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a research note on Tuesday, July 21st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 265 price target on shares of Wickes Group in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Wickes Group has an average rating of “Moderate Buy” and a consensus target price of GBX 238.33.

Wickes Group Trading Up 0.4%

Wickes Group stock traded up GBX 1 during mid-day trading on Tuesday, hitting GBX 235.50. The stock had a trading volume of 774,464 shares, compared to its average volume of 1,626,496. Wickes Group has a 12 month low of GBX 169.20 and a 12 month high of GBX 255. The stock has a 50-day simple moving average of GBX 199.55 and a two-hundred day simple moving average of GBX 205.14. 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 £516.35 million, a PE ratio of 14.63, a P/E/G ratio of 0.79 and a beta of 0.81.

Wickes Group (LON:WIX) last posted its quarterly 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%. As a group, sell-side analysts forecast that Wickes Group will post 16.23 EPS 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.