Wickes Group (LON:WIX) Price Target Lowered to GBX 260 at Canaccord Genuity Group

Wickes Group (LON:WIX) had its target price reduced by Canaccord Genuity Group from GBX 265 to GBX 260 in a research note released on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Shore Capital Group restated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a report on Tuesday. Berenberg Bank reissued a “buy” rating and issued a GBX 265 price objective on shares of Wickes Group in a research report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 278 price objective on shares of Wickes Group in a research report on Tuesday, May 12th. Four 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 250.83.

Wickes Group Price Performance

WIX opened at GBX 192.20 on Wednesday. Wickes Group has a 52-week low of GBX 169.20 and a 52-week high of GBX 255. The company has a 50 day moving average of GBX 181.37 and a two-hundred day moving average of GBX 208.55. The company has a market cap of £422.65 million, a P/E ratio of 11.72, a P/E/G ratio of 0.79 and a beta of 0.85. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57.

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.