Deutsche Bank Aktiengesellschaft Downgrades Wickes Group (LON:WIX) to Sell

Key Points

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Wickes Group (LON:WIX - Get Free Report) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft to a "sell" rating in a research note issued on Tuesday,London Stock Exchange reports. They presently have a GBX 195 price objective on the stock, down from their previous price objective of GBX 205. Deutsche Bank Aktiengesellschaft's price target would suggest a potential downside of 2.82% from the stock's current price.

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group restated a "buy" rating and set a GBX 250 target price on shares of Wickes Group in a research note on Thursday, July 24th. Shore Capital restated a "buy" rating on shares of Wickes Group in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 208.33.

Wickes Group Stock Down 9.0%

WIX stock opened at GBX 200.65 on Tuesday. The company's 50 day moving average price is GBX 222.79 and its 200 day moving average price is GBX 201.28. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. Wickes Group has a fifty-two week low of GBX 142.30 and a fifty-two week high of GBX 236. The firm has a market capitalization of £475.08 million, a price-to-earnings ratio of 16.22, a PEG ratio of 0.79 and a beta of 0.78.

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.

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