Wickes Group (LON:WIX) Given Buy Rating at Jefferies Financial Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research note issued on Friday, London Stock Exchange reports. They presently have a GBX 250 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 23.46% from the company’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 165 price objective on shares of Wickes Group in a research report on Wednesday, September 16th. 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 research note on Wednesday, July 22nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a research report on Wednesday, July 22nd. Shore Capital Group reaffirmed a “buy” rating and set a GBX 280 price target on shares of Wickes Group in a research note on Tuesday, July 21st. Finally, Citigroup lowered their price objective on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Stock Up 1.8%

Shares of Wickes Group stock opened at GBX 202.50 on Friday. The business has a fifty day simple moving average of GBX 195.64 and a 200 day simple moving average of GBX 194.06. The stock has a market cap of £444.00 million, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. 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 has a 12 month low of GBX 169.20 and a 12 month high of GBX 255.

Wickes Group (LON:WIX) last posted its earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. Research analysts predict that Wickes Group will post 16.2278978 EPS for the current year.

About Wickes Group

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.