Wickes Group’s (WIX) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Wickes Group (LON:WIX) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 250 target price on the stock.

A number of other brokerages have also recently issued reports on WIX. Shore Capital reissued a “buy” rating on shares of Wickes Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Wickes Group to a “sell” rating and lowered their price target for the company from GBX 205 to GBX 195 in a research report on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 222.50.

Wickes Group Trading Down 0.4%

LON:WIX opened at GBX 194.47 on Wednesday. The company has a 50-day moving average price of GBX 216.22 and a 200-day moving average price of GBX 202.72. Wickes Group has a 12 month low of GBX 142.30 and a 12 month high of GBX 236. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98. The stock has a market cap of £450.50 million, a price-to-earnings ratio of 2,592.93, a P/E/G ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX) last posted its earnings results on Wednesday, September 10th. The company reported GBX 10 EPS for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. Equities analysts predict that Wickes Group will post 16.2278978 EPS for the current year.

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.