Wickes Group plc (LON:WIX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Wickes Group plc (LON:WIX) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 243.

A number of brokerages have weighed in on WIX. Shore Capital Group reaffirmed 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 reaffirmed a “buy” rating and issued a GBX 265 price objective on shares of Wickes Group in a research note on Wednesday, July 22nd. Canaccord Genuity Group cut their target price on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Citigroup lowered their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 165 price objective on shares of Wickes Group in a report on Wednesday.

Wickes Group Trading Up 1.2%

Shares of LON:WIX traded up GBX 2.20 during trading on Wednesday, reaching GBX 193.40. 13,829,458 shares of the company were exchanged, compared to its average volume of 1,848,661. The firm has a market capitalization of £425.28 million, a PE ratio of 11.79, a P/E/G ratio of 0.79 and a beta of 0.85. The business’s fifty day simple moving average is GBX 192.37 and its 200-day simple moving average is GBX 197.38. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58.

Wickes Group (LON:WIX) last announced its quarterly earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share (EPS) for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. On average, research analysts anticipate that Wickes Group will post 16.2278978 EPS 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.