Canaccord Genuity Group Reiterates “Buy” Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 250 price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 7.07% from the company’s previous close.

Several other research firms also recently weighed in on WIX. Shore Capital reiterated a “buy” rating on shares of Wickes Group in a research report on Thursday. Citigroup raised their price objective on Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research note on Friday. 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 230.50.

Wickes Group Stock Performance

Shares of Wickes Group stock opened at GBX 233.50 on Friday. Wickes Group has a 1-year low of GBX 152 and a 1-year high of GBX 243. The company’s fifty day simple moving average is GBX 230.54 and its 200-day simple moving average is GBX 221.05. 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 £519.34 million, a PE ratio of 24.58, a P/E/G ratio of 0.79 and a beta of 0.78.

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.