Citigroup Has Lowered Expectations for Wickes Group (LON:WIX) Stock Price

Wickes Group (LON:WIX) had its price target reduced by analysts at Citigroup from GBX 227 to GBX 210 in a research report issued on Thursday,Digital Look reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 9.95% from the company’s previous close.

Several other equities research analysts have also recently weighed in on WIX. Shore Capital Group restated a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a research report on Tuesday. Berenberg Bank reiterated a “buy” rating and set a GBX 265 target price on shares of Wickes Group in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group lowered their price target on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a report on Wednesday. Four investment 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. Based on data from MarketBeat.com, Wickes Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 248.

Wickes Group Stock Up 1.8%

Shares of LON WIX opened at GBX 191 on Thursday. The firm’s 50-day simple moving average is GBX 182.05 and its 200 day simple moving average is GBX 208.10. The company has a market cap of £420.01 million, a price-to-earnings ratio of 11.65, a price-to-earnings-growth 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. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255.

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.