Wickes Group plc (LON:WIX – Get Free Report)’s share price shot up 0.3% during mid-day trading on Wednesday. The company traded as high as GBX 205 and last traded at GBX 200.50. Approximately 334,067 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,666,918 shares. The stock had previously closed at GBX 200.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on WIX shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 165 target price on shares of Wickes Group in a report on Wednesday, September 16th. Shore Capital Group reiterated a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a research report on Tuesday, July 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 250 price objective on shares of Wickes Group in a research note on Friday. Berenberg Bank restated a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a research report on Wednesday, July 22nd. Finally, Citigroup decreased their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Wickes Group has an average rating of “Moderate Buy” and a consensus price target of GBX 238.33.
Check Out Our Latest Report on Wickes Group
Wickes Group Stock Performance
Wickes Group (LON:WIX – Get Free Report) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 9.60 earnings per share for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. On average, analysts expect that Wickes Group plc will post 16.2278978 EPS for the current year.
Wickes Group Company Profile
Wickes is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value and best-in-class service to customers across the United Kingdom, making it well placed to outperform its growing markets. In response to gradual structural shifts in its markets over recent years, Wickes has a balanced business focusing on three key customer journeys – TradePro, DIY (together reported as Retail) and our project-based Design & Installation division.
Wickes operates from its network of 230 stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members, and Wickes DIY app.
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