Citigroup Issues Positive Forecast for Wickes Group (LON:WIX) Stock Price

Wickes Group (LON:WIX) had its target price hoisted by research analysts at Citigroup from GBX 200 to GBX 227 in a research note issued to investors on Friday, MarketBeat reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential downside of 2.37% from the stock’s current price.

WIX has been the subject of several other reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 250 price objective on shares of Wickes Group in a report on Thursday, October 23rd. Shore Capital reaffirmed a “buy” rating on shares of Wickes Group in a research note on Thursday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 230.50.

Wickes Group Stock Performance

WIX stock opened at GBX 232.50 on Friday. The company has a 50-day simple moving average of GBX 230.16 and a 200 day simple moving average of GBX 221.08. The company has a market capitalization of £517.11 million, a P/E ratio of 24.47, a PEG ratio of 0.79 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98. Wickes Group has a fifty-two week low of GBX 152 and a fifty-two week high of GBX 243.

Wickes Group Company Profile

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have 228 stores across the UK, employing 7,400 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £27 billion UK Home Improvement market. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market.

At Wickes, we have a clear purpose, which is to ‘help the nation feel house proud’, and we do this by focusing on our three customer segments – Local Trade, Do-it-for-me and DIY retail.