Wickes Group (LON:WIX) Price Target Cut to GBX 210 by Analysts at Citigroup

Wickes Group (LON:WIX) had its target price decreased by Citigroup from GBX 227 to GBX 210 in a research note published on Thursday morning,Digital Look reports. Citigroup currently has a neutral rating on the stock.

Several other analysts have also recently weighed in on WIX. Shore Capital Group reissued a “buy” rating and set a GBX 280 price target on shares of Wickes Group in a report on Tuesday. Canaccord Genuity Group decreased their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a report on Wednesday. Berenberg Bank reiterated a “buy” rating and set 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 set a GBX 278 target price on shares of Wickes Group in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 248.

Wickes Group Trading Down 2.4%

Shares of LON:WIX opened at GBX 187.60 on Thursday. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255. The business has a 50 day moving average of GBX 181.65 and a 200-day moving average of GBX 208.22. 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 stock has a market cap of £412.53 million, a PE ratio of 11.44, a P/E/G ratio of 0.79 and a beta of 0.85.

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.