Wickes Group (LON:WIX) Price Target Raised to GBX 227 at Citigroup

Wickes Group (LON:WIX) had its price target hoisted by Citigroup from GBX 200 to GBX 227 in a research report released on Friday, MarketBeat Ratings reports. Citigroup currently has a neutral rating on the stock.

WIX has been the subject of several other research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 250 price objective on shares of Wickes Group in a research note on Thursday, October 23rd. Shore Capital reissued a “buy” rating on shares of Wickes Group in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Wickes Group presently has an average rating of “Hold” and an average price target of GBX 230.50.

Wickes Group Price Performance

Shares of WIX opened at GBX 233.50 on Friday. 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 stock has a market cap of £519.34 million, a PE ratio of 24.58, a PEG ratio of 0.79 and a beta of 0.78. Wickes Group has a 12-month low of GBX 152 and a 12-month high of GBX 243. The business has a 50-day simple moving average of GBX 230.54 and a two-hundred day simple moving average of GBX 221.11.

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.