Wickes Group plc (LON:WIX) Receives Average Rating of “Moderate Buy” from Brokerages

Wickes Group plc (LON:WIX) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 249.17.

Several equities research analysts have weighed in on the company. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Canaccord Genuity Group raised their price target on Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a report on Thursday, March 19th. Jefferies Financial Group raised their price target on Wickes Group from GBX 275 to GBX 278 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a report on Thursday. Finally, Citigroup raised their price target on Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a report on Friday, January 23rd.

Wickes Group Price Performance

Shares of LON WIX opened at GBX 223.50 on Thursday. The company has a debt-to-equity ratio of 551.57, a quick ratio of 0.58 and a current ratio of 1.07. The company has a market cap of £502.97 million, a PE ratio of 13.63, a P/E/G ratio of 0.79 and a beta of 0.87. The business has a 50-day simple moving average of GBX 227.23 and a two-hundred day simple moving average of GBX 226.40. Wickes Group has a fifty-two week low of GBX 172.60 and a fifty-two week high of GBX 255.

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

About Wickes Group

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.