Wickes Group plc (LON:WIX) Stock Has Average Target Price of GBX 238.33 According to Brokerages

Wickes Group plc (LON:WIX – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 238.33.

WIX has been the topic of a number of analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 265 price target on shares of Wickes Group in a research note on Wednesday, July 22nd. Canaccord Genuity Group reduced their price target on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 165 price objective on shares of Wickes Group in a research note on Wednesday, September 16th. Citigroup cut their price objective on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a report on Tuesday, July 21st.

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Wickes Group Stock Performance

Shares of WIX stock opened at GBX 203.50 on Friday. The stock has a market capitalization of £446.19 million, a PE ratio of 12.64, a P/E/G ratio of 0.79 and a beta of 0.85. The firm has a 50 day moving average of GBX 195.73 and a two-hundred day moving average of GBX 193.91. Wickes Group has a 52 week low of GBX 169.20 and a 52 week high of GBX 255. The company has a quick ratio of 0.58, a current ratio of 1.03 and a debt-to-equity ratio of 638.77.

Wickes Group (LON:WIX – Get Free Report) last released its earnings results on Tuesday, September 15th. The company reported GBX 9.60 EPS for the quarter. Wickes Group had a return on equity of 30.64% and a net margin of 2.23%. On average, research analysts predict that Wickes Group will post 16.23 EPS for the current fiscal year.

Wickes Group Company Profile

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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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