Wickes Group (LON:WIX) Given Buy Rating at Shore Capital

Key Points

• Shore Capital has reaffirmed its "buy" rating for Wickes Group (LON:WIX) despite differing opinions from other analysts, with Deutsche Bank downgrading it to a "sell".
• Wickes Group's stock opened at GBX 195.80 and has an average price target set at GBX 222.50 according to MarketBeat.com.
• The company reported earnings of GBX 10 per share for the last quarter and has a return on equity of 19.39%.

Shore Capital reiterated their buy rating on shares of Wickes Group (LON:WIX - Free Report) in a research report released on Wednesday morning, MarketBeat.com reports.

Several other research analysts also recently issued reports on WIX. Deutsche Bank Aktiengesellschaft downgraded shares of Wickes Group to a "sell" rating and lowered their price target for the stock from GBX 205 to GBX 195 in a report on Tuesday, August 26th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 250 price target on shares of Wickes Group in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of GBX 215.

Wickes Group Price Performance

WIX traded up GBX 1 during trading on Wednesday, hitting GBX 196.20. 525,773 shares of the stock traded hands, compared to its average volume of 1,345,703. Wickes Group has a twelve month low of GBX 142.30 and a twelve month high of GBX 236. The company has a market cap of £454.51 million, a price-to-earnings ratio of 2,616.00, a PEG ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The business has a 50 day moving average price of GBX 214.88 and a 200 day moving average price of GBX 203.41.

Wickes Group (LON:WIX - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The company reported GBX 10 EPS for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. Equities research analysts forecast that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

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.