Citigroup Forecasts Strong Price Appreciation for Wickes Group (LON:WIX) Stock

Wickes Group (LON:WIX) had its price objective raised by equities research analysts at Citigroup from GBX 200 to GBX 227 in a report released on Friday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential downside of 2.78% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 price objective on shares of Wickes Group in a research report on Thursday, October 23rd. Shore Capital reaffirmed a “buy” rating on shares of Wickes Group in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 230.50.

Wickes Group Price Performance

WIX opened at GBX 233.50 on Friday. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The stock has a market capitalization of £519.34 million, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The stock’s 50 day moving average price is GBX 230.54 and its 200-day moving average price is GBX 221.05. Wickes Group has a 52-week low of GBX 152 and a 52-week high of GBX 243.

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.