Wickes Group plc (LON:WIX) Receives GBX 246.67 Average Price Target from Brokerages

Wickes Group plc (LON:WIX) has been given an average rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 250.83.

Several equities analysts have recently commented on WIX shares. Shore Capital Group reaffirmed a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a research note on Tuesday. Jefferies Financial Group reissued 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 restated a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a report on Wednesday. Finally, Canaccord Genuity Group lowered their price target on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research report on Wednesday.

Wickes Group Stock Performance

LON:WIX opened at GBX 192.20 on Friday. The firm has a market capitalization of £422.65 million, a P/E ratio of 11.72, a P/E/G ratio of 0.79 and a beta of 0.85. 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 company has a fifty day moving average of GBX 181.37 and a 200 day moving average of GBX 208.55. Wickes Group has a 52 week low of GBX 169.20 and a 52 week high of GBX 255.

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.