Wickes Group plc (LON:WIX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Wickes Group plc (LON:WIXGet Free Report) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 249.17.

Several research analysts recently weighed in on WIX shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 278 price objective on shares of Wickes Group in a research report on Tuesday, May 12th. Canaccord Genuity Group increased their price objective on Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a research report on Thursday, March 19th. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a research note on Tuesday, March 17th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research report on Thursday, April 9th.

Check Out Our Latest Stock Analysis on Wickes Group

Insider Activity

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

Wickes Group Trading Down 3.1%

WIX opened at GBX 175.75 on Friday. Wickes Group has a 1-year low of GBX 169.20 and a 1-year high of GBX 255. The stock has a market capitalization of £391.70 million, a PE ratio of 10.72, a PEG ratio of 0.79 and a beta of 0.88. 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 50-day moving average price of GBX 202.42 and a two-hundred day moving average price of GBX 221.38.

Wickes Group (LON:WIXGet Free Report) last announced its earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.35% and a return on equity of 29.52%. As a group, equities analysts anticipate that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

About Wickes Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Wickes Group (LON:WIX)

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