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

Wickes Group plc (LON:WIX) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 243.

WIX has been the subject of several research analyst reports. Canaccord Genuity Group decreased their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Citigroup dropped their target price on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Shore Capital Group reiterated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 165 price objective on shares of Wickes Group in a research note on Wednesday, September 16th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a report on Wednesday, July 22nd.

Wickes Group Price Performance

Wickes Group stock opened at GBX 206 on Wednesday. The company has a 50-day moving average price of GBX 193.45 and a 200 day moving average price of GBX 195.69. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77. The stock has a market cap of £452.99 million, a P/E ratio of 12.56, a PEG ratio of 0.79 and a beta of 0.85. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255.

Wickes Group (LON:WIX) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 9.60 earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. Sell-side analysts anticipate that Wickes Group will post 16.2278978 earnings per share for the current 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.