Citigroup Cuts Wickes Group (LON:WIX) Price Target to GBX 200

Key Points

• Citigroup has decreased Wickes Group’s target price from GBX 202 to GBX 200, maintaining a "neutral" rating.
• Other analysts have mixed sentiments with Deutsche Bank downgrading the stock to "sell" and Canaccord Genuity issuing a "buy" rating with a target of GBX 250.
• Wickes Group reported earnings of GBX 10 per share in its last quarterly data, with an expected EPS of approximately 16.23 for the current year.

Wickes Group (LON:WIX - Get Free Report) had its price objective reduced by analysts at Citigroup from GBX 202 to GBX 200 in a report released on Thursday, MarketBeat reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 1.94% from the stock's previous close.

Several other brokerages also recently commented on WIX. Deutsche Bank Aktiengesellschaft downgraded Wickes Group to a "sell" rating and dropped their target price for the company from GBX 205 to GBX 195 in a report on Tuesday, August 26th. Shore Capital reiterated a "buy" rating on shares of Wickes Group in a research note on Wednesday. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 250 price target on shares of Wickes Group in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 215.

Wickes Group Stock Up 0.5%

Shares of LON:WIX traded up GBX 1 during mid-day trading on Thursday, hitting GBX 196.20. 525,773 shares of the company traded hands, compared to its average volume of 1,345,703. The firm has a market cap of £454.51 million, a P/E 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 quick ratio of 0.58 and a current ratio of 1.10. Wickes Group has a 52-week low of GBX 142.30 and a 52-week high of GBX 236. The firm's 50 day simple moving average is GBX 214.88 and its 200 day simple moving average is GBX 203.41.

Wickes Group (LON:WIX - Get Free Report) last announced its earnings results on Wednesday, September 10th. The company reported GBX 10 EPS for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. On average, equities analysts anticipate that Wickes Group will post 16.2278978 EPS for the current 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.