Wickes Group (LON:WIX) Price Target Raised to GBX 265 at Canaccord Genuity Group

Wickes Group (LON:WIX) had its target price hoisted by Canaccord Genuity Group from GBX 250 to GBX 265 in a report published on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

WIX has been the topic of several other research reports. Shore Capital Group reiterated a “buy” rating on shares of Wickes Group in a research note on Thursday, January 22nd. Citigroup boosted their target price on shares of Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group upped their target price on shares of Wickes Group from GBX 275 to GBX 278 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 243.

Wickes Group Stock Performance

Shares of WIX opened at GBX 207.50 on Thursday. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. Wickes Group has a one year low of GBX 168.60 and a one year high of GBX 255. The firm has a market capitalization of £461.51 million, a P/E ratio of 21.84, a PEG ratio of 0.79 and a beta of 0.87. The business has a fifty day moving average of GBX 232.56 and a 200 day moving average of GBX 225.08.

Wickes Group (LON:WIX) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 17.40 EPS for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. As a group, sell-side analysts anticipate 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. 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.