Wickes Group (LON:WIX) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Wickes Group (LON:WIX) in a research note released on Thursday,London Stock Exchange reports. Canaccord Genuity Group currently has a GBX 250 price target on the stock.

Several other equities research analysts have also recently issued reports on WIX. Deutsche Bank Aktiengesellschaft cut Wickes Group to a “sell” rating and decreased their price objective for the stock from GBX 205 to GBX 195 in a report on Tuesday, August 26th. Citigroup decreased their price objective on Wickes Group from GBX 202 to GBX 200 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Finally, Shore Capital restated a “buy” rating and set a GBX 250 price objective on shares of Wickes Group in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 223.75.

Wickes Group Stock Performance

Wickes Group stock opened at GBX 227.50 on Thursday. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The stock has a fifty day moving average of GBX 211.49 and a two-hundred day moving average of GBX 212.19. The company has a market capitalization of £512.64 million, a price-to-earnings ratio of 23.95, a PEG ratio of 0.79 and a beta of 0.78. Wickes Group has a fifty-two week low of GBX 142.30 and a fifty-two week high of GBX 236.

Wickes Group (LON:WIX) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX 15.10 earnings per share for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. On average, analysts anticipate that Wickes Group will post 16.2278978 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Iddon bought 15,317 shares of Wickes Group stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average price of GBX 196 per share, for a total transaction of £30,021.32. Insiders own 0.38% 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.