Jefferies Financial Group Reaffirms Buy Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 250 price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 11.20% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity Group cut their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Shore Capital Group restated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 165 price target on shares of Wickes Group in a research report on Wednesday, September 16th. Citigroup cut their price target on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 265 price objective on shares of Wickes Group in a research report on Wednesday, July 22nd. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 238.33.

Wickes Group Stock Performance

Wickes Group stock traded up GBX 9.32 on Tuesday, reaching GBX 224.82. 975,741 shares of the stock were exchanged, compared to its average volume of 1,608,250. The stock has a market cap of £492.94 million, a PE ratio of 13.96, a PEG ratio of 0.79 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77. Wickes Group has a twelve month low of GBX 169.20 and a twelve month high of GBX 255. The firm has a fifty day moving average price of GBX 196.38 and a two-hundred day moving average price of GBX 194.

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