Wickes Group (LON:WIX – Get Free Report)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 165 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 14.95% from the company’s previous close.
A number of other brokerages have also recently commented on WIX. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a report on Wednesday, July 22nd. Canaccord Genuity Group cut their price target on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Shore Capital Group restated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Tuesday, July 21st. Finally, Citigroup decreased their price objective on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Wickes Group has an average rating of “Moderate Buy” and an average price target of GBX 243.
Wickes Group Stock Performance
Wickes Group (LON:WIX – Get Free Report) last issued its quarterly earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share 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 predict that Wickes Group 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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