Wickes Group’s (WIX) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Wickes Group (LON:WIX) in a research report report published on Friday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 250 price objective on the stock.

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

Wickes Group Stock Up 1.0%

Shares of WIX opened at GBX 201 on Friday. 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 firm has a market capitalization of £440.71 million, a P/E ratio of 12.48, a P/E/G ratio of 0.79 and a beta of 0.85. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255. The firm has a fifty day moving average price of GBX 195.72 and a 200-day moving average price of GBX 193.99.

Wickes Group (LON:WIX) last posted its 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%. Equities research analysts expect that Wickes Group will post 16.23 earnings per share 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.