Wickes Group (LON:WIX) Receives Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Wickes Group (LON:WIX) in a research note published on Thursday, MarketBeat reports.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 250 price target on shares of Wickes Group in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 223.75.

Wickes Group Price Performance

LON WIX opened at GBX 233.50 on Thursday. The company has a market cap of £519.34 million, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Wickes Group has a 52 week low of GBX 152 and a 52 week high of GBX 243. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98. The firm’s 50-day simple moving average is GBX 230.16 and its two-hundred day simple moving average is GBX 221.08.

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.