Wickes Group plc (LON:WIX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Wickes Group has a “Moderate Buy” consensus rating from six analysts: four buys, one hold and one sell. The average 12-month price target is GBX 243, above the recent share price of GBX 193.40.
• Analyst targets range from GBX 165 to GBX 280, with Deutsche Bank maintaining a sell rating while Canaccord Genuity, Berenberg and Shore Capital reiterated buy recommendations.
• Wickes reported quarterly earnings of GBX 9.60 per share, with a 29.52% return on equity and a 2.35% net margin; analysts expect full-year EPS of approximately GBX 16.23.

Shares of Wickes Group plc (LON:WIX - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 243.

A number of equities analysts recently commented on WIX shares. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating and set a GBX 165 price target on shares of Wickes Group in a research note on Wednesday. Citigroup decreased their price objective on shares of Wickes Group from GBX 227 to GBX 210 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Canaccord Genuity Group cut their target price on Wickes Group from GBX 265 to GBX 260 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Berenberg Bank reiterated a "buy" rating and issued a GBX 265 price target on shares of Wickes Group in a report on Wednesday, July 22nd. Finally, Shore Capital Group reissued a "buy" rating and set a GBX 280 price target on shares of Wickes Group in a research note on Tuesday, July 21st.

Wickes Group Price Performance

Shares of LON:WIX traded up GBX 2.20 on Wednesday, reaching GBX 193.40. The company's stock had a trading volume of 13,829,458 shares, compared to its average volume of 1,848,661. The company has a 50-day simple moving average of GBX 192.37 and a 200 day simple moving average of GBX 197.38. Wickes Group has a 52-week low of GBX 169.20 and a 52-week high of GBX 255. The company has a debt-to-equity ratio of 551.57, a quick ratio of 0.58 and a current ratio of 1.07. The company has a market cap of £425.28 million, a P/E ratio of 11.79, a PEG ratio of 0.79 and a beta of 0.85.

Wickes Group (LON:WIX - Get Free Report) last released its quarterly 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%. As a group, equities research analysts anticipate that Wickes Group will post 16.2278978 EPS for the current fiscal year.

About Wickes Group

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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