Wickes Group’s (WIX) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group restated their buy rating on shares of Wickes Group (LON:WIX) in a research note released on Tuesday,Digital Look reports. Shore Capital Group currently has a GBX 280 price objective on the stock.

WIX has been the subject of a number of other research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a research report on Thursday, June 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 248.

Wickes Group Stock Performance

Shares of LON WIX opened at GBX 187.60 on Tuesday. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. The stock’s fifty day moving average price is GBX 181.65 and its two-hundred day moving average price is GBX 208.22. Wickes Group has a one year low of GBX 169.20 and a one year high of GBX 255. The firm has a market cap of £412.53 million, a price-to-earnings ratio of 11.44, a P/E/G ratio of 0.79 and a beta of 0.85.

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.