Wickes Group (LON:WIX) Earns Buy Rating from Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research note issued on Friday,Digital Look reports. They currently have a GBX 250 price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 7.61% from the stock’s current price.

A number of other brokerages also recently weighed in on WIX. Shore Capital reiterated a “buy” rating on shares of Wickes Group in a report on Thursday. Citigroup raised their price objective on Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research report on Friday. Two 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, the company currently has an average rating of “Hold” and an average price target of GBX 230.50.

Wickes Group Trading Down 0.5%

Wickes Group stock opened at GBX 232.33 on Friday. Wickes Group has a 52 week low of GBX 152 and a 52 week high of GBX 243. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The firm has a market capitalization of £516.73 million, a price-to-earnings ratio of 24.46, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a 50 day moving average price of GBX 230.16 and a 200 day moving average price of GBX 221.08.

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.