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

Wickes Group (LON:WIX)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 265 price target on the stock. Berenberg Bank‘s target price would indicate a potential upside of 12.77% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 165 price objective on shares of Wickes Group in a report on Wednesday, September 16th. Shore Capital Group reiterated a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a report on Tuesday, July 21st. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 260 price target on shares of Wickes Group in a report on Tuesday, October 20th. Citigroup reduced their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 250 target price on shares of Wickes Group in a research report on Tuesday, October 20th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 238.33.

Wickes Group Trading Up 0.2%

Wickes Group stock opened at GBX 235 on Wednesday. The stock has a 50-day moving average price of GBX 199.55 and a 200 day moving average price of GBX 205.14. The company has a market capitalization of £515.26 million, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.79 and a beta of 0.81. 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 52 week low of GBX 169.20 and a 52 week high of GBX 255.

Wickes Group (LON:WIX) last released its quarterly earnings data on Tuesday, September 15th. The company reported GBX 9.60 earnings per share 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.