Wickes Group plc (LON:WIX) Receives Consensus Rating of “Moderate Buy” from Analysts

Wickes Group plc (LON:WIX) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 246.67.

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

Wickes Group Stock Performance

Wickes Group stock opened at GBX 189.27 on Tuesday. Wickes Group has a 12-month low of GBX 169.20 and a 12-month high of GBX 255. The company has a market capitalization of £417.14 million, a price-to-earnings ratio of 11.54, a price-to-earnings-growth 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. The firm’s fifty day moving average price is GBX 187.34 and its 200 day moving average price is GBX 214.64.

Insider Transactions at Wickes Group

In related news, insider Mark George sold 223,433 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 220, for a total value of £491,552.60. Also, insider David Wood sold 355,050 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total value of £791,761.50. 0.70% of the stock is currently owned by company insiders.

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.