Wickes Group (LON:WIX) Price Target Cut to GBX 200 by Analysts at Citigroup

Wickes Group (LON:WIX) had its price objective lowered by Citigroup from GBX 202 to GBX 200 in a research note released on Thursday, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently weighed in on the company. Shore Capital reissued a “buy” rating on shares of Wickes Group in a report on Wednesday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 250 price target on shares of Wickes Group in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Wickes Group to a “sell” rating and dropped their price target for the stock from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 215.

Wickes Group Stock Performance

WIX stock opened at GBX 195.20 on Thursday. The company has a 50 day moving average price of GBX 215.54 and a 200 day moving average price of GBX 202.93. Wickes Group has a fifty-two week low of GBX 142.30 and a fifty-two week high of GBX 236. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The stock has a market capitalization of £452.19 million, a PE ratio of 2,602.67, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX) last released its earnings results on Wednesday, September 10th. The company reported GBX 10 EPS for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. Analysts forecast 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.