Citigroup Lowers Wickes Group (LON:WIX) Price Target to GBX 210

Wickes Group (LON:WIX) had its target price lowered by equities researchers at Citigroup from GBX 227 to GBX 210 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 9.66% from the stock’s previous close.

Several other brokerages have also recently weighed in on WIX. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 278 price objective on shares of Wickes Group in a research note on Tuesday, May 12th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a research note on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 target price on shares of Wickes Group in a research note on Wednesday. Finally, Canaccord Genuity Group reduced their price objective on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 248.

Wickes Group Trading Down 0.4%

Shares of LON WIX opened at GBX 191.50 on Thursday. The company has a market cap of £421.11 million, a PE ratio of 11.68, a P/E/G ratio of 0.79 and a beta of 0.85. Wickes Group has a 52-week low of GBX 169.20 and a 52-week high of GBX 255. The company has a debt-to-equity ratio of 551.57, a quick ratio of 0.58 and a current ratio of 1.07. The firm’s 50 day moving average price is GBX 181.37 and its 200-day moving average price is GBX 208.55.

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. 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.