Wickes Group plc (LON:WIX) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Wickes Group has a “Moderate Buy” consensus rating from six analysts: four buys, one hold and one sell. The average 12-month price target is GBX 248, above the stock’s GBX 199.20 opening price.
• Recent broker recommendations remain broadly positive, with buy ratings and targets ranging from GBX 260 to GBX 280; Citigroup is the exception, cutting its target to GBX 210 and maintaining a neutral rating.
• Shares have traded between GBX 169.20 and GBX 255 over the past year, while Wickes has a market capitalization of approximately £438 million and a price-to-earnings ratio of 12.15.

Wickes Group plc (LON:WIX - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 248.

A number of brokerages have weighed in on WIX. Shore Capital Group reiterated a "buy" rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Tuesday, July 21st. Berenberg Bank restated a "buy" rating and issued a GBX 265 target price on shares of Wickes Group in a research note on Wednesday, July 22nd. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 278 target price on shares of Wickes Group in a report on Tuesday, May 12th. Canaccord Genuity Group dropped their target price on shares of Wickes Group from GBX 265 to GBX 260 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Finally, Citigroup cut their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a "neutral" rating for the company in a report on Thursday, July 23rd.

Wickes Group Trading Up 0.1%

Shares of WIX opened at GBX 199.20 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57. The stock has a market cap of £438.04 million, a PE ratio of 12.15, a PEG ratio of 0.79 and a beta of 0.86. Wickes Group has a 1 year low of GBX 169.20 and a 1 year high of GBX 255. The stock has a 50 day simple moving average of GBX 187.44 and a 200-day simple moving average of GBX 205.50.

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. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market. At Wickes, we have a clear purpose, which is to ‘help the nation feel house proud', and we do this by focusing on our three customer segments - Local Trade, Do-it-for-me and DIY retail.

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