Wickes Group (LON:WIX) Stock Rating Reaffirmed as Buy by Berenberg Bank

Wickes Group (LON:WIX)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They presently have a GBX 265 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 17.26% from the company’s current price.

A number of other analysts have also weighed in on the stock. Citigroup reduced their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 165 price objective on shares of Wickes Group in a research note on Wednesday, September 16th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 250 price objective on shares of Wickes Group in a research note on Tuesday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 260 target price on shares of Wickes Group in a report on Tuesday. Finally, Shore Capital Group reissued a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Stock Performance

WIX stock opened at GBX 226 on Wednesday. The company has a 50-day simple moving average of GBX 196.93 and a 200 day simple moving average of GBX 194.11. The company has a market capitalization of £495.52 million, a P/E ratio of 14.04, a PEG ratio of 0.79 and a beta of 0.85. The company has a quick ratio of 0.58, a current ratio of 1.03 and a debt-to-equity ratio of 638.77. 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 released its earnings results on Tuesday, September 15th. The company reported GBX 9.60 EPS for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. Sell-side analysts predict that Wickes Group will post 16.23 earnings per share for the current fiscal year.

More Wickes Group News

Here are the key news stories impacting Wickes Group this week:

• Positive Sentiment: Third-quarter revenue rose 4.5% to £439 million, with retail growth accelerating. The company also backed expectations for approximately 10% growth in FY2026 adjusted profit before tax. Wickes third-quarter revenue rises almost 5% as retail growth accelerates
• Positive Sentiment: Jefferies retained its “buy” rating and set a GBX 250 price target, while Canaccord Genuity reaffirmed “buy” with a GBX 260 target. Wickes shares jump after sharp retail improvement
• Positive Sentiment: Berenberg also reaffirmed its “buy” recommendation and raised or maintained a GBX 265 target, the highest of the latest broker targets. This is above the stock’s GBX 226 opening price and suggests further potential upside in the analysts’ view. Berenberg reaffirms buy rating on Wickes
• Neutral Sentiment: The positive reaction follows improved retail performance, but the company still operates with a relatively thin net margin of 2.23% and substantial leverage, meaning execution and consumer demand remain important risks to the outlook.

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.