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

Wickes Group (LON:WIX – Free Report) had its price objective cut by Canaccord Genuity Group from GBX 265 to GBX 260 in a research report released on Wednesday morning,Digital Look reports. They currently have a buy rating on the stock.

WIX has been the subject of a number of other research reports. Shore Capital Group reissued a “buy” rating and set a GBX 280 price target on shares of Wickes Group in a report on Tuesday. Berenberg Bank restated 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 reaffirmed a “buy” rating and issued a GBX 278 price objective on shares of Wickes Group in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Wickes Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 248.

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Wickes Group Stock Up 1.8%

LON WIX opened at GBX 191 on Wednesday. The business has a fifty day moving average price of GBX 182.05 and a two-hundred day moving average price of GBX 208.10. The stock has a market capitalization of £420.01 million, a PE ratio of 11.65, a PEG ratio of 0.79 and a beta of 0.85. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58.

Wickes Group Company Profile

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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.

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