Wickes Group’s (WIX) “Buy” Rating Reiterated at Shore Capital Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by analysts at Shore Capital Group in a report issued on Tuesday,London Stock Exchange reports.

WIX has been the subject of several other research reports. Citigroup raised their target price on shares of Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Jefferies Financial Group upped their price target on shares of Wickes Group from GBX 275 to GBX 278 and gave the company a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity Group raised their price objective on shares of Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research note on Thursday. Three 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. Based on data from MarketBeat.com, Wickes Group presently has an average rating of “Hold” and an average price target of GBX 243.

Wickes Group Trading Down 6.3%

Shares of LON WIX traded down GBX 14 during trading hours on Tuesday, hitting GBX 207.50. 8,590,302 shares of the company traded hands, compared to its average volume of 1,185,207. The company’s 50 day moving average price is GBX 233.11 and its 200 day moving average price is GBX 225.20. Wickes Group has a 12 month low of GBX 168.60 and a 12 month high of GBX 255. The stock has a market capitalization of £461.51 million, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57.

Wickes Group (LON:WIX) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share (EPS) for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. On average, equities research analysts anticipate that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

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.