Jefferies Financial Group Reaffirms Buy Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 250 price objective on the stock. Jefferies Financial Group‘s target price suggests a potential upside of 10.38% from the stock’s current price.

A number of other analysts have also issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 price target on shares of Wickes Group in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 165 price objective on shares of Wickes Group in a research note on Wednesday, September 16th. Citigroup reduced their price objective on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Shore Capital Group restated a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a report on Tuesday, July 21st. Finally, Canaccord Genuity Group lowered their target price on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Price Performance

LON:WIX opened at GBX 226.50 on Tuesday. Wickes Group has a 12 month low of GBX 169.20 and a 12 month high of GBX 255. The stock has a 50 day moving average of GBX 198.12 and a two-hundred day moving average of GBX 194.33. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77. The firm has a market cap of £496.62 million, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

Wickes Group (LON:WIX) last announced its earnings results on Tuesday, September 15th. The company reported GBX 9.60 EPS for the quarter. Wickes Group had a return on equity of 30.64% and a net margin of 2.23%. On average, analysts expect that Wickes Group will post 16.23 earnings per share for the current fiscal 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.