Shore Capital Group Reaffirms “Buy” Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital Group in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 280 price target on the stock. Shore Capital Group’s target price would suggest a potential upside of 49.57% from the stock’s current price.

WIX has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 278 price objective on shares of Wickes Group in a report on Tuesday, May 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a research note on Thursday, June 18th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Wickes Group presently has an average rating of “Moderate Buy” and an average price target of GBX 251.67.

Wickes Group Trading Down 1.9%

Shares of Wickes Group stock opened at GBX 187.20 on Tuesday. Wickes Group has a 1 year low of GBX 169.20 and a 1 year high of GBX 255. The firm has a market cap of £411.65 million, a PE ratio of 11.41, a PEG ratio of 0.79 and a beta of 0.85. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. The company has a 50 day simple moving average of GBX 180.75 and a two-hundred day simple moving average of GBX 209.15.

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.