Wickes Group (LON:WIX) Receives Buy Rating from Canaccord Genuity Group

Key Points

• Wickes Group's stock received a buy rating from Canaccord Genuity Group, with a target price of GBX 250, indicating a potential upside of 9.41% from its current price.
• The stock is currently trading at GBX 228.50, having increased by 1.8%, and maintaining an average target price among analysts of GBX 223.75.
• Only a small percentage of insider ownership (0.38%) was noted, with insider Michael Iddon purchasing shares recently at an average price of GBX 196.

Wickes Group (LON:WIX - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 250 target price on the stock. Canaccord Genuity Group's price objective points to a potential upside of 9.41% from the company's current price.

Other research analysts also recently issued research reports about the company. Shore Capital reissued a "buy" rating and issued a GBX 250 price target on shares of Wickes Group in a research note on Thursday, October 16th. Citigroup lowered their price objective on shares of Wickes Group from GBX 202 to GBX 200 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Wickes Group to a "sell" rating and decreased their price target for the company from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of GBX 223.75.

Wickes Group Stock Up 1.8%

Wickes Group stock traded up GBX 4 during trading hours on Thursday, hitting GBX 228.50. The company had a trading volume of 449,980 shares, compared to its average volume of 1,247,232. 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 firm has a market capitalization of £514.90 million, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Wickes Group has a fifty-two week low of GBX 142.30 and a fifty-two week high of GBX 236. The firm's fifty day moving average is GBX 211.27 and its 200-day moving average is GBX 211.81.

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

Insider Activity at Wickes Group

In other Wickes Group news, insider Michael Iddon purchased 15,317 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average cost of GBX 196 per share, with a total value of £30,021.32. 0.38% of the stock is currently owned by corporate insiders.

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.

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