Wickes Group’s (WIX) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Wickes Group (LON:WIX) in a research note released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 265 target price on the stock.

WIX has been the subject of several other reports. Shore Capital Group reissued a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a research note on Tuesday. Jefferies Financial Group restated a “buy” rating and set a GBX 278 target price on shares of Wickes Group in a report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 248.

Wickes Group Stock Up 1.8%

LON:WIX opened at GBX 191 on Wednesday. The firm has a market capitalization of £420.01 million, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. Wickes Group has a twelve month low of GBX 169.20 and a twelve month high of GBX 255. The stock’s 50 day moving average price is GBX 182.05 and its two-hundred day moving average price is GBX 208.10. The company has a quick ratio of 0.58, a current ratio of 1.07 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.