Wickes Group plc (LON:WIX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Wickes Group plc (LON:WIX) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 246.67.

Several research analysts have recently weighed in on WIX shares. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a research report on Tuesday, March 17th. Canaccord Genuity Group lifted their target price on shares of Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a research note on Thursday, March 19th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 278 target price on shares of Wickes Group in a research note on Tuesday, May 12th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 265 price target on shares of Wickes Group in a research report on Thursday, June 18th.

Insiders Place Their Bets

In related news, insider David Wood sold 355,050 shares of the business’s 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 business’s stock in a transaction on Wednesday, April 8th. The stock was 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 Stock Performance

Shares of WIX opened at GBX 176.93 on Tuesday. The firm’s 50 day moving average is GBX 190.36 and its 200-day moving average is GBX 215.97. The stock has a market capitalization of £389.94 million, a P/E ratio of 10.79, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255.

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.