Wickes Group plc (LON:WIX) Receives Average Recommendation of “Moderate Buy” from Analysts

Wickes Group plc (LON:WIX) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 248.

Several equities research analysts have recently commented on WIX shares. Jefferies Financial Group restated a “buy” rating and set a GBX 278 price objective on shares of Wickes Group in a report on Tuesday, May 12th. Canaccord Genuity Group cut their target price on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Citigroup reduced their price target 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. Shore Capital Group restated a “buy” rating and set a GBX 280 price target on shares of Wickes Group in a research note on Tuesday, July 21st. Finally, Berenberg Bank restated a “buy” rating and set a GBX 265 price objective on shares of Wickes Group in a report on Wednesday, July 22nd.

Wickes Group Stock Up 0.9%

WIX stock opened at GBX 193 on Wednesday. The stock’s 50 day simple moving average is GBX 189.76 and its 200 day simple moving average is GBX 204.15. The company has a market cap of £424.41 million, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The company has a debt-to-equity ratio of 551.57, a quick ratio of 0.58 and a current ratio of 1.07. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255.

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.