Wickes Group plc (LON:WIX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Wickes Group plc (LON:WIX) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 246.67.

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a report on Thursday, March 19th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a report on Thursday, June 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a report on Tuesday, May 12th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a research report on Tuesday, March 17th.

Insider Activity

In other Wickes Group news, insider David Wood sold 355,050 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total transaction of £791,761.50. Also, insider Mark George sold 223,433 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 220, for a total transaction of £491,552.60. Insiders own 0.70% of the company’s stock.

Wickes Group Price Performance

Wickes Group stock opened at GBX 176.93 on Tuesday. Wickes Group has a 52-week low of GBX 169.20 and a 52-week high of GBX 255. The firm has a fifty day moving average of GBX 190.36 and a 200-day moving average of GBX 215.97. The firm has a market capitalization of £389.94 million, a P/E ratio of 10.79, a PEG ratio of 0.79 and a beta of 0.86. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57.

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.