Wickes Group (LON:WIX – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 265 price objective on the stock. Berenberg Bank‘s price objective indicates a potential upside of 14.72% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Citigroup dropped their target price 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. Shore Capital Group reissued a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 165 price target on shares of Wickes Group in a research note on Wednesday, September 16th. Canaccord Genuity Group restated a “buy” rating and set a GBX 260 price target on shares of Wickes Group in a research report on Tuesday, October 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 250 price objective on shares of Wickes Group in a research note on Tuesday, October 20th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 238.33.
Read Our Latest Stock Analysis on WIX
Wickes Group Trading Up 1.1%
WIX stock traded up GBX 2.50 during mid-day trading on Wednesday, hitting GBX 231. 9,647,720 shares of the company were exchanged, compared to its average volume of 1,636,318. The company has a quick ratio of 0.58, a current ratio of 1.03 and a debt-to-equity ratio of 638.77. The firm has a market capitalization of £506.49 million, a P/E ratio of 14.35, a PEG ratio of 0.79 and a beta of 0.81. The business has a fifty day simple moving average of GBX 198.76 and a 200-day simple moving average of GBX 194.58. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255.
Wickes Group (LON:WIX – Get Free Report) last announced 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 2.23% and a return on equity of 30.64%. On average, equities research analysts predict that Wickes Group will post 16.23 earnings per share for the current fiscal year.
About Wickes Group
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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