Wickes Group’s (WIX) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Wickes Group (LON:WIX) in a research report report published on Tuesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 250 price objective on the stock.

A number of other equities analysts also recently commented on WIX. 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. Citigroup decreased their target price on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Canaccord Genuity Group dropped their target price on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 165 price target on shares of Wickes Group in a report on Wednesday, September 16th. Finally, 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. Four equities research 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, the stock has an average rating of “Moderate Buy” and an average price target of GBX 238.33.

Wickes Group Price Performance

Shares of Wickes Group stock opened at GBX 228.50 on Tuesday. Wickes Group has a twelve month low of GBX 169.20 and a twelve month high of GBX 255. The stock has a market capitalization of £501.00 million, a P/E ratio of 14.19, a PEG ratio of 0.79 and a beta of 0.85. 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 business’s fifty day moving average price is GBX 198.12 and its 200 day moving average price is GBX 194.33.

Wickes Group (LON:WIX) last posted its quarterly earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share (EPS) for the quarter. Wickes Group had a return on equity of 30.64% and a net margin of 2.23%. As a group, research analysts anticipate that Wickes Group will post 16.23 earnings per share 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.