Jefferies Financial Group Increases Wickes Group (LON:WIX) Price Target to GBX 278

Wickes Group (LON:WIX) had its target price hoisted by research analysts at Jefferies Financial Group from GBX 275 to GBX 278 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 26.08% from the stock’s current price.

A number of other analysts also recently commented on WIX. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Thursday, January 22nd. Citigroup lifted their price target on shares of Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 250 price target on shares of Wickes Group in a report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 240.

Wickes Group Price Performance

Shares of WIX traded down GBX 1 during mid-day trading on Wednesday, hitting GBX 220.50. The company’s stock had a trading volume of 1,692,246 shares, compared to its average volume of 1,072,336. The firm has a 50-day simple moving average of GBX 233.34 and a 200 day simple moving average of GBX 225.24. The firm has a market capitalization of £490.43 million, a P/E ratio of 23.21, a P/E/G ratio of 0.79 and a beta of 0.87. The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 552.11. Wickes Group has a 1-year low of GBX 165.60 and a 1-year high of GBX 255.

Wickes Group (LON:WIX) last released its earnings results on Tuesday, March 17th. The company reported GBX 17.40 EPS for the quarter. Wickes Group had a return on equity of 16.11% and a net margin of 1.40%. Analysts predict that Wickes Group will post 16.2278978 EPS for the current fiscal year.

About Wickes Group

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.