Wickes Group plc (LON:WIX) Given Average Rating of “Moderate Buy” by Analysts

Wickes Group plc (LON:WIX) has earned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 248.

WIX has been the subject of a number of research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a report on Tuesday, May 12th. Shore Capital Group reiterated a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a report on Tuesday. Berenberg Bank reissued a “buy” rating and set a GBX 265 price objective on shares of Wickes Group in a research report on Wednesday. Canaccord Genuity Group reduced their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research note on Wednesday. Finally, Citigroup decreased their price objective on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a report on Thursday.

Wickes Group Stock Up 1.8%

Wickes Group stock opened at GBX 191 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255. The firm’s fifty day moving average is GBX 182.05 and its 200 day moving average is GBX 208.10. The company has a market capitalization of £420.01 million, a PE ratio of 11.65, a PEG ratio of 0.79 and a beta of 0.85.

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.