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Shore Capital Reaffirms Buy Rating for Wickes Group (LON:WIX)

Wickes Group logo with Consumer Cyclical background

Key Points

  • Shore Capital has reaffirmed its buy rating for Wickes Group (LON:WIX) and set a price target of GBX 250, indicating a potential upside of 13.64% from the current stock price.
  • Wickes Group's stock is currently trading at GBX 220, down 0.7% during recent trading hours, with a market cap of approximately £495.74 million.
  • In recent analyst activity, Deutsche Bank has downgraded the stock to a sell rating with a new price target of GBX 195, while Canaccord Genuity maintained a buy rating.
  • Interested in Wickes Group? Here are five stocks we like better.

Wickes Group (LON:WIX - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Shore Capital in a report issued on Thursday,London Stock Exchange reports. They presently have a GBX 250 price target on the stock. Shore Capital's target price indicates a potential upside of 13.64% from the company's current price.

WIX has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft lowered Wickes Group to a "sell" rating and decreased their price objective for the stock from GBX 205 to GBX 195 in a report on Tuesday, August 26th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 250 price objective on shares of Wickes Group in a report on Wednesday, September 10th. Finally, Citigroup cut their price objective on Wickes Group from GBX 202 to GBX 200 and set a "neutral" rating for the company in a report on Thursday, September 11th. Two investment 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 223.75.

Get Our Latest Report on Wickes Group

Wickes Group Stock Down 0.7%

LON:WIX traded down GBX 1.50 during trading hours on Thursday, hitting GBX 220. 221,565 shares of the company traded hands, compared to its average volume of 1,267,230. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98. The firm's 50-day simple moving average is GBX 211.24 and its 200-day simple moving average is GBX 210.49. Wickes Group has a one year low of GBX 142.30 and a one year high of GBX 236. The company has a market cap of £495.74 million, a PE ratio of 2,315.79, a PEG ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX - Get Free Report) last released its earnings results on Tuesday, September 30th. The company reported GBX 15.10 EPS for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. Equities analysts predict that Wickes Group will post 16.2278978 earnings per share for the current year.

Insider Transactions at Wickes Group

In other news, insider Michael Iddon acquired 15,317 shares of Wickes Group stock in a transaction on Friday, September 12th. The shares were acquired at an average price of GBX 196 per share, with a total value of £30,021.32. Company insiders own 0.38% of the company's stock.

About Wickes Group

(Get Free Report)

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.

Further Reading

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