Canaccord Genuity Group Reaffirms Buy Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Tuesday, Digital Look reports. They presently have a GBX 260 target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 16.51% from the stock’s current price.

Several other brokerages have also recently weighed in on WIX. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 price target on shares of Wickes Group in a research note on Wednesday, July 22nd. Shore Capital Group reissued a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a research report on Tuesday, July 21st. Citigroup cut their price objective on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 165 target price on shares of Wickes Group in a research note on Wednesday, September 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 250 target price on shares of Wickes Group in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Stock Performance

Wickes Group stock opened at GBX 223.16 on Tuesday. The stock’s 50 day simple moving average is GBX 196.38 and its two-hundred day simple moving average is GBX 194. The company has a debt-to-equity ratio of 638.77, a quick ratio of 0.58 and a current ratio of 1.03. The stock has a market cap of £489.30 million, a price-to-earnings ratio of 13.86, a PEG ratio of 0.79 and a beta of 0.85. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255.

Wickes Group (LON:WIX) last announced its earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share (EPS) for the quarter. Wickes Group had a return on equity of 30.64% and a net margin of 2.23%. As a group, analysts expect that Wickes Group will post 16.23 earnings per share for the current fiscal year.

About Wickes Group

Wickes is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value and best-in-class service to customers across the United Kingdom, making it well placed to outperform its growing markets. In response to gradual structural shifts in its markets over recent years, Wickes has a balanced business focusing on three key customer journeys – TradePro, DIY (together reported as Retail) and our project-based Design & Installation division.

Wickes operates from its network of 230 stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members, and Wickes DIY app.