Shore Capital Group Reaffirms Buy Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating restated by equities researchers at Shore Capital Group in a report issued on Tuesday,Digital Look reports. They presently have a GBX 280 price objective on the stock. Shore Capital Group’s price target would indicate a potential upside of 45.68% from the stock’s current price.

WIX has been the subject of a number of other reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 278 target price on shares of Wickes Group in a research note on Tuesday, May 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Wickes Group has an average rating of “Moderate Buy” and a consensus price target of GBX 250.83.

Wickes Group Trading Down 0.2%

WIX stock opened at GBX 192.20 on Tuesday. The business has a fifty day moving average price of GBX 181.37 and a 200 day moving average price of GBX 208.55. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255. The stock has a market capitalization of £422.65 million, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.79 and a beta of 0.85.

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.