Wickes Group (LON:WIX) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Wickes Group (LON:WIX) had its target price hoisted by investment analysts at Jefferies Financial Group from GBX 275 to GBX 278 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 33.98% from the stock’s previous close.

WIX has been the subject of several other reports. Citigroup lifted their price objective on Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a report on Friday, January 23rd. Shore Capital Group reiterated a “buy” rating on shares of Wickes Group in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 target price on shares of Wickes Group in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 243.

Wickes Group Trading Down 6.3%

WIX opened at GBX 207.50 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57. The stock’s fifty day moving average is GBX 232.56 and its two-hundred day moving average is GBX 225.08. The company has a market capitalization of £461.51 million, a P/E ratio of 21.84, a PEG ratio of 0.79 and a beta of 0.87. Wickes Group has a 52 week low of GBX 168.60 and a 52 week high of GBX 255.

Wickes Group (LON:WIX) last issued its earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. Analysts forecast that Wickes Group will post 16.2278978 earnings per share for the current year.

About Wickes Group

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.