Brokerages Set Wickes Group plc (LON:WIX) Target Price at GBX 249.17

Shares of Wickes Group plc (LON:WIX) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 249.17.

Several equities analysts recently commented on WIX shares. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Canaccord Genuity Group increased their target price on Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a report on Thursday, March 19th. Jefferies Financial Group increased their target price on Wickes Group from GBX 275 to GBX 278 and gave the company a “buy” rating in a report on Wednesday, March 18th. Citigroup increased their target price on Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a report on Friday, January 23rd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a report on Thursday.

Wickes Group Stock Up 1.8%

Wickes Group stock opened at GBX 229.16 on Thursday. Wickes Group has a twelve month low of GBX 172.60 and a twelve month high of GBX 255. The stock’s fifty day simple moving average is GBX 227.18 and its 200-day simple moving average is GBX 226.60. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57. The firm has a market capitalization of £515.70 million, a P/E ratio of 13.97, a P/E/G ratio of 0.79 and a beta of 0.94.

Wickes Group (LON:WIX) last posted its quarterly earnings data 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%. As a group, equities analysts expect that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

Insider Buying and Selling at Wickes Group

In related news, insider Mark George sold 223,433 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 220, for a total value of £491,552.60. Also, insider David Wood sold 355,050 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total value of £791,761.50. Corporate insiders own 0.39% of the company’s stock.

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.