Wickes Group's (WIX) "Buy" Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity reiterated its “Buy” rating on Wickes Group and set a GBX 260 price target, implying 16.51% upside from the previous close.
• Analyst sentiment is broadly positive: four analysts rate the stock a Buy, one rates it Hold, and one rates it Sell, producing a consensus “Moderate Buy” rating and GBX 238.33 target.
• Wickes shares opened at GBX 223.16, with a market capitalization of approximately £489.3 million; the company 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 restated by Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 260 target price on the stock. Canaccord Genuity Group's target price indicates a potential upside of 16.51% from the stock's previous close.

Several other research analysts also recently commented on WIX. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 265 target price on shares of Wickes Group in a research note on Wednesday, July 22nd. Citigroup dropped their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Shore Capital Group reissued a "buy" rating and issued a GBX 280 price target on shares of Wickes Group in a report on Tuesday, July 21st. Jefferies Financial Group restated a "buy" rating and issued a GBX 250 price objective on shares of Wickes Group in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating and issued a GBX 165 price objective on shares of Wickes Group in a research report on Wednesday, September 16th. Four equities 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 238.33.

Wickes Group Price Performance

Shares of Wickes Group stock opened at GBX 223.16 on Tuesday. The company has a debt-to-equity ratio of 638.77, a current ratio of 1.03 and a quick ratio of 0.58. Wickes Group has a one year low of GBX 169.20 and a one year high of GBX 255. The business's 50 day simple moving average is GBX 196.38 and its two-hundred day simple moving average is GBX 194. The stock has a market capitalization of £489.30 million, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

Wickes Group (LON:WIX - Get Free Report) 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 return on equity of 30.64% and a net margin of 2.23%. Analysts forecast that Wickes Group will post 16.23 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.