Wickes Group plc (LON:WIX) Given Consensus Rating of “Moderate Buy” by Brokerages

Wickes Group plc (LON:WIX) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 249.17.

A number of brokerages have issued reports on WIX. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a report on Thursday, April 9th. Canaccord Genuity Group increased their target price on shares of Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a research report on Tuesday, May 12th.

Insider Buying and Selling

In other news, insider David Wood sold 355,050 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 223, for a total value of £791,761.50. Also, insider Mark George sold 223,433 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 220, for a total value of £491,552.60. Insiders own 0.39% of the company’s stock.

Wickes Group Stock Down 3.1%

LON WIX opened at GBX 175.75 on Friday. Wickes Group has a 1-year low of GBX 169.20 and a 1-year high of GBX 255. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57. The stock’s 50 day moving average is GBX 202.42 and its two-hundred day moving average is GBX 221.38. The company has a market capitalization of £391.70 million, a price-to-earnings ratio of 10.72, a PEG ratio of 0.79 and a beta of 0.88.

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

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.