Wickes Group plc (LON:WIX) Receives GBX 249.17 Consensus Price Target from Analysts

Wickes Group plc (LON:WIX) has earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 249.17.

Several research analysts have issued reports on WIX shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a report on Thursday, April 9th. Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Canaccord Genuity Group upped their price objective on Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 278 price objective on shares of Wickes Group in a report on Tuesday, May 12th.

Wickes Group Stock Up 1.6%

Shares of WIX opened at GBX 175.90 on Friday. The company has a market capitalization of £392.03 million, a P/E ratio of 10.73, a PEG ratio of 0.79 and a beta of 0.88. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. Wickes Group has a one year low of GBX 169.20 and a one year high of GBX 255. The business’s 50 day simple moving average is GBX 198.74 and its 200-day simple moving average is GBX 219.81.

Wickes Group (LON:WIX) last announced 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 29.52% and a net margin of 2.35%. As a group, sell-side analysts predict that Wickes Group will post 16.2278978 EPS for the current fiscal year.

Insider Buying and Selling at Wickes Group

In other Wickes Group news, insider David Wood sold 355,050 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 223, for a total transaction of £791,761.50. Also, insider Mark George sold 223,433 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 220, for a total value of £491,552.60. 0.39% of the stock is currently owned by corporate insiders.

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.