Wickes Group’s (WIX) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Wickes Group (LON:WIX) in a research note published on Thursday,London Stock Exchange reports. Berenberg Bank currently has a GBX 280 target price on the stock.

A number of other equities analysts have also issued reports on the stock. Jefferies Financial Group raised their price target on shares of Wickes Group from GBX 275 to GBX 278 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Citigroup raised their price target on shares of Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a research report on Tuesday, March 17th. Finally, Canaccord Genuity Group raised their price target on shares of Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Four 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 a consensus rating of “Moderate Buy” and an average price target of GBX 249.17.

Wickes Group Stock Performance

Shares of Wickes Group stock opened at GBX 227.50 on Thursday. The firm has a market capitalization of £511.97 million, a P/E ratio of 13.87, a PEG ratio of 0.79 and a beta of 0.87. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57. The company has a 50 day moving average price of GBX 227.16 and a 200 day moving average price of GBX 226.39. Wickes Group has a 52 week low of GBX 172.60 and a 52 week high of GBX 255.

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