Wickes Group (LON:WIX) Stock Keeps “Buy” Rating at Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 260 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 15.65% from the company’s previous close.

A number of other brokerages also recently weighed in on WIX. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 165 target price on shares of Wickes Group in a research report on Wednesday, September 16th. Citigroup decreased their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 250 price target on shares of Wickes Group in a report on Tuesday. Four equities 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Price Performance

Shares of LON:WIX traded up GBX 9.32 during midday trading on Tuesday, reaching GBX 224.82. The company’s stock had a trading volume of 975,741 shares, compared to its average volume of 1,608,250. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255. The company has a market capitalization of £492.94 million, a P/E ratio of 13.96, a P/E/G ratio of 0.79 and a beta of 0.85. 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 fifty day simple moving average is GBX 196.38 and its 200-day simple moving average is GBX 194.

Wickes Group (LON:WIX) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 9.60 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 research analysts expect 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.