Berenberg Bank Reaffirms “Buy” Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 265 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 41.26% from the company’s previous close.

Several other equities analysts have also commented on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a research report on Tuesday, May 12th. Shore Capital Group reiterated a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a research report on Tuesday. Four equities 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 MarketBeat, Wickes Group has an average rating of “Moderate Buy” and an average target price of GBX 248.

Wickes Group Price Performance

Shares of WIX opened at GBX 187.60 on Wednesday. Wickes Group has a 12 month low of GBX 169.20 and a 12 month high of GBX 255. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. The stock has a fifty day moving average price of GBX 181.65 and a 200 day moving average price of GBX 208.22. The company has a market cap of £412.53 million, a P/E ratio of 11.44, a PEG ratio of 0.79 and a beta of 0.85.

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.