Citigroup Cuts Wickes Group (LON:WIX) Price Target to GBX 210

Wickes Group (LON:WIX) had its target price cut by Citigroup from GBX 227 to GBX 210 in a research note published on Thursday morning,Digital Look reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group lowered their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research note on Wednesday. Shore Capital Group reiterated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research report on Tuesday, July 21st. Berenberg Bank reissued a “buy” rating and set a GBX 265 target price on shares of Wickes Group in a report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Wickes Group has a consensus rating of “Moderate Buy” and an average target price of GBX 248.

Wickes Group Stock Up 1.8%

Shares of WIX opened at GBX 191 on Thursday. Wickes Group has a 12 month low of GBX 169.20 and a 12 month high of GBX 255. The firm’s 50 day moving average is GBX 182.05 and its 200-day moving average is GBX 208.10. The stock has a market capitalization of £420.01 million, a PE ratio of 11.65, a P/E/G ratio of 0.79 and a beta of 0.85. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57.

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.