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

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Wickes Group and maintained a GBX 265 price target, implying 17.26% potential upside from the stock’s current price.
• Analyst sentiment is mixed but leans positive: four analysts rate Wickes a Buy, one rates it Hold, and one rates it Sell. The consensus is “Moderate Buy” with an average target price of GBX 238.33.
• Wickes shares opened at GBX 226, with a market capitalization of approximately £495.5 million; the company recently reported quarterly EPS of GBX 9.60 and analysts expect full-year EPS of GBX 16.23.

Wickes Group (LON:WIX - Get Free Report)'s stock had its "buy" rating reissued by stock 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 price target would suggest a potential upside of 17.26% from the stock's current price.

A number of other equities research analysts have also recently commented on WIX. Deutsche Bank Aktiengesellschaft reissued a "sell" rating and set a GBX 165 target price on shares of Wickes Group in a research report on Wednesday, September 16th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 250 price target on shares of Wickes Group in a report on Tuesday. Citigroup cut 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. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 260 price target on shares of Wickes Group in a research report on Tuesday. Finally, Shore Capital Group reissued a "buy" rating and issued a GBX 280 price objective on shares of Wickes Group in a research report on Tuesday, July 21st. Four investment 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 company has a consensus rating of "Moderate Buy" and an average target price of GBX 238.33.

Wickes Group Stock Down 0.2%

LON:WIX opened at GBX 226 on Wednesday. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255. The stock has a market capitalization of £495.52 million, a P/E ratio of 14.04, a P/E/G ratio of 0.79 and a beta of 0.85. The company has a debt-to-equity ratio of 638.77, a quick ratio of 0.58 and a current ratio of 1.03. The company's 50-day simple moving average is GBX 196.93 and its 200-day simple moving average is GBX 194.11.

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

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