Wickes Group’s (WIX) “Buy” Rating Reaffirmed at Berenberg Bank

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 265 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 39.62% from the stock’s current price.

Several other research analysts have also issued reports on WIX. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a report on Tuesday, May 12th. Shore Capital Group reiterated a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 250.83.

Wickes Group Stock Down 1.5%

Wickes Group stock opened at GBX 189.80 on Wednesday. The company has a market capitalization of £417.37 million, a PE ratio of 11.57, a PEG ratio of 0.79 and a beta of 0.85. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255. The firm’s fifty day moving average is GBX 181.03 and its 200 day moving average is GBX 208.85. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57.

Wickes Group Company Profile

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.