Wickes Group (LON:WIX) Earns Sell Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “sell” rating on Wickes Group and set a GBX 165 price target, implying approximately 14.95% downside from the previous close.
• Analyst sentiment remains broadly positive despite the sell call: Wickes has a consensus “Moderate Buy” rating and an average price target of GBX 243, based on four Buy, one Hold, and one Sell rating.
• Wickes shares rose 1.5% to GBX 194 during Wednesday trading. The company reported quarterly EPS of GBX 9.60 and has a market capitalization of approximately £426.6 million.

Wickes Group (LON:WIX - Get Free Report)'s stock had its "sell" rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 165 price target on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential downside of 14.95% from the company's previous close.

A number of other brokerages also recently issued reports on WIX. Shore Capital Group reaffirmed a "buy" rating and set a GBX 280 price target on shares of Wickes Group in a report on Tuesday, July 21st. Berenberg Bank reiterated a "buy" rating and issued a GBX 265 price objective on shares of Wickes Group in a report on Wednesday, July 22nd. Canaccord Genuity Group decreased their target price on Wickes Group from GBX 265 to GBX 260 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Finally, Citigroup dropped their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 243.

Wickes Group Stock Up 1.5%

LON:WIX traded up GBX 2.80 during trading hours on Wednesday, reaching GBX 194. 6,326,728 shares of the company traded hands, compared to its average volume of 1,806,747. The business's 50-day moving average price is GBX 192.37 and its two-hundred day moving average price is GBX 197.38. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57. The stock has a market capitalization of £426.60 million, a P/E ratio of 11.83, a P/E/G 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.

Wickes Group (LON:WIX - Get Free Report) last issued its earnings results on Tuesday, September 15th. The company reported GBX 9.60 EPS for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. Analysts predict that Wickes Group will post 16.2278978 earnings per share for the current year.

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.

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