Wickes Group (LON:WIX) Given New GBX 278 Price Target at Jefferies Financial Group

Wickes Group (LON:WIX) had its price objective hoisted by equities research analysts at Jefferies Financial Group from GBX 275 to GBX 278 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 26.08% from the stock’s previous close.

Several other analysts have also recently commented on WIX. Citigroup boosted their price target on Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a report on Friday, January 23rd. Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 250 target price on shares of Wickes Group in a research note on Friday, January 23rd. Three 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, the stock presently has a consensus rating of “Hold” and an average target price of GBX 240.

Wickes Group Trading Down 0.5%

Shares of Wickes Group stock traded down GBX 1 during mid-day trading on Wednesday, hitting GBX 220.50. 1,692,246 shares of the stock were exchanged, compared to its average volume of 1,072,336. The stock has a market capitalization of £490.43 million, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. Wickes Group has a twelve month low of GBX 165.60 and a twelve month high of GBX 255. The company has a current ratio of 1.09, a quick ratio of 0.58 and a debt-to-equity ratio of 552.11. The company has a 50-day simple moving average of GBX 233.34 and a 200 day simple moving average of GBX 225.24.

Wickes Group (LON:WIX) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a net margin of 1.40% and a return on equity of 16.11%. Research analysts forecast that Wickes Group will post 16.2278978 EPS 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. 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.