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

Key Points

• Wickes Group's stock received a reissued "buy" rating from Canaccord Genuity Group, with a price target of GBX 250, indicating a potential upside of 27.68%.
• Other analysts have given mixed ratings, with Deutsche Bank lowering Wickes Group to a "sell" rating and reducing its price target from GBX 205 to GBX 195.
• The company's recent earnings report revealed a net margin of 2.01% and a return on equity of 19.39%, with forecasted earnings per share of approximately 16.23 for the current year.

Wickes Group (LON:WIX - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Canaccord Genuity Group in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 250 price objective on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 27.42% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Shore Capital restated a "buy" rating on shares of Wickes Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Wickes Group to a "sell" rating and decreased their price target for the stock from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Wickes Group presently has a consensus rating of "Hold" and a consensus target price of GBX 215.

Wickes Group Stock Up 0.5%

LON:WIX traded up GBX 1 on Wednesday, hitting GBX 196.20. The stock had a trading volume of 525,773 shares, compared to its average volume of 1,345,703. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The stock has a market cap of £454.51 million, a P/E ratio of 2,616.00, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Wickes Group has a 1 year low of GBX 142.30 and a 1 year high of GBX 236. The firm's fifty day simple moving average is GBX 214.88 and its two-hundred day simple moving average is GBX 203.41.

Wickes Group (LON:WIX - Get Free Report) last posted 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%. Analysts predict that Wickes Group will post 16.2278978 earnings per share for the current 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.