Wickes Group plc (LON:WIX – Get Free Report)’s stock price was up 8.3% on Tuesday . The stock traded as high as GBX 195 and last traded at GBX 191.20. Approximately 24,410,428 shares were traded during mid-day trading, an increase of 1,175% from the average daily volume of 1,914,223 shares. The stock had previously closed at GBX 176.60.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Citigroup cut their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 price objective on shares of Wickes Group in a report on Wednesday, July 22nd. Canaccord Genuity Group lowered their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Wickes Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 258.60.
Get Our Latest Stock Analysis on Wickes Group
Wickes Group Trading Up 8.3%
Wickes Group (LON:WIX – Get Free Report) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 9.60 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, sell-side analysts anticipate that Wickes Group plc will post 16.2278978 EPS for the current fiscal year.
Wickes Group Company Profile
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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