Shore Capital Reiterates “Buy” Rating for Wickes Group (LON:WIX)

Shore Capital restated their buy rating on shares of Wickes Group (LON:WIX) in a research report released on Wednesday, MarketBeat reports.

Several other research firms have also commented on WIX. Deutsche Bank Aktiengesellschaft lowered shares of Wickes Group to a “sell” rating and lowered their price objective for the company from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 250 target price on shares of Wickes Group in a report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 215.

Wickes Group Price Performance

WIX stock opened at GBX 196.20 on Wednesday. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The business has a 50 day simple moving average of GBX 214.88 and a 200-day simple moving average of GBX 203.15. Wickes Group has a 1 year low of GBX 142.30 and a 1 year high of GBX 236. The firm has a market capitalization of £454.51 million, a PE ratio of 2,616.00, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX) last announced its quarterly earnings results on Wednesday, September 10th. The company reported GBX 10 EPS for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. Equities research analysts anticipate that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

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.