Brokerages Set Wickes Group plc (LON:WIX) Price Target at GBX 246.67

Shares of Wickes Group plc (LON:WIX) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 246.67.

WIX has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a research report on Tuesday, May 12th. Berenberg Bank restated a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a report on Thursday, June 18th. Shore Capital Group reiterated a “buy” rating on shares of Wickes Group in a research note on Tuesday, March 17th. Finally, Canaccord Genuity Group lifted their target price on shares of Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a research note on Thursday, March 19th.

Wickes Group Trading Down 0.4%

Wickes Group stock opened at GBX 186.29 on Tuesday. Wickes Group has a 52 week low of GBX 169.20 and a 52 week high of GBX 255. 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 firm has a market capitalization of £410.57 million, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a 50 day moving average price of GBX 186.68 and a 200 day moving average price of GBX 214.19.

Insider Activity

In other news, insider Mark George sold 223,433 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 220, for a total transaction of £491,552.60. Also, insider David Wood sold 355,050 shares of Wickes Group stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total value of £791,761.50. Corporate insiders own 0.70% of the company’s stock.

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.