Wickes Group (LON:WIX) Stock Keeps “Buy” Rating at Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 260 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 14.79% from the stock’s current price.

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

Wickes Group Stock Up 5.1%

Shares of LON:WIX traded up GBX 11 during trading on Tuesday, reaching GBX 226.50. 1,283,728 shares of the stock traded hands, compared to its average volume of 1,609,767. The stock has a 50-day moving average of GBX 196.38 and a two-hundred day moving average of GBX 194. Wickes Group has a 52-week low of GBX 169.20 and a 52-week high of GBX 255. 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 £496.62 million, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

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

Wickes Group Company Profile

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.