Wickes Group’s (WIX) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group reiterated their buy rating on shares of Wickes Group (LON:WIX) in a research report sent to investors on Tuesday morning, Marketbeat reports.

Several other analysts have also recently commented on WIX. Canaccord Genuity Group raised their target price on shares of Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on shares of Wickes Group from GBX 275 to GBX 278 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup increased their price target on shares of Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Three research 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 243.

Wickes Group Price Performance

Wickes Group stock opened at GBX 207.50 on Tuesday. Wickes Group has a 12 month low of GBX 168.60 and a 12 month high of GBX 255. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. The business has a 50 day simple moving average of GBX 232.56 and a 200-day simple moving average of GBX 225.08. The stock has a market capitalization of £461.51 million, a PE ratio of 21.84, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87.

Wickes Group (LON:WIX) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. Equities analysts predict that Wickes Group will post 16.2278978 earnings per share for the current year.

Wickes Group Company Profile

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.