Jefferies Financial Group Reaffirms Buy Rating for Wickes Group (LON:WIX)

Key Points

• Jefferies reaffirmed a Buy rating on Wickes Group and maintained a GBX 250 price target, implying 12.36% upside from the current share price.
• Analyst sentiment is broadly positive, with four Buy ratings, one Hold and one Sell; the consensus rating is Moderate Buy with an average target price of GBX 238.33.
• Wickes shares opened at GBX 222.50 and were reported up 3.2%, while the company posted quarterly earnings of GBX 9.60 per share and analysts expect full-year EPS of GBX 16.23.

Wickes Group (LON:WIX - Get Free Report)'s stock had its "buy" rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 250 target price on the stock. Jefferies Financial Group's price target would suggest a potential upside of 12.36% from the stock's current price.

A number of other brokerages have also recently weighed in on WIX. Deutsche Bank Aktiengesellschaft reissued a "sell" rating and set a GBX 165 price target on shares of Wickes Group in a research report on Wednesday, September 16th. Canaccord Genuity Group lowered their price objective on shares of Wickes Group from GBX 265 to GBX 260 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 265 price objective on shares of Wickes Group in a research note on Wednesday, July 22nd. Shore Capital Group reiterated a "buy" rating and set a GBX 280 target price on shares of Wickes Group in a report on Tuesday, July 21st. Finally, Citigroup decreased their target price on Wickes Group from GBX 227 to GBX 210 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Four equities 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 238.33.

Wickes Group Trading Up 3.2%

WIX opened at GBX 222.50 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.58 and a debt-to-equity ratio of 638.77. The stock has a market capitalization of £487.85 million, a PE ratio of 13.82, a PEG ratio of 0.79 and a beta of 0.85. Wickes Group has a 1-year low of GBX 169.20 and a 1-year high of GBX 255. The firm has a 50-day moving average price of GBX 196.38 and a two-hundred day moving average price of GBX 194.

Wickes Group (LON:WIX - Get Free Report) last released its earnings results on Tuesday, September 15th. The company reported GBX 9.60 earnings per share for the quarter. Wickes Group had a return on equity of 30.64% and a net margin of 2.23%. As a group, equities analysts anticipate that Wickes Group will post 16.23 earnings per share for the current fiscal year.

Wickes Group Company Profile

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.

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