Wickes Group (LON:WIX) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a report released on Friday, London Stock Exchange reports. They currently have a GBX 250 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 22.85% from the stock’s previous close.

A number of other equities analysts have also commented on the company. 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, July 22nd. Citigroup reduced their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 165 price objective on shares of Wickes Group in a research report on Wednesday, September 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a research note on Wednesday, July 22nd. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research report on Tuesday, July 21st. Four 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 has a consensus rating of “Moderate Buy” and an average target price of GBX 238.33.

Wickes Group Stock Performance

Shares of LON:WIX opened at GBX 203.50 on Friday. The stock has a market capitalization of £446.19 million, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. The company has a debt-to-equity ratio of 638.77, a current ratio of 1.03 and a quick ratio of 0.58. The business’s fifty day moving average price is GBX 195.64 and its two-hundred day moving average price is GBX 194.06. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255.

Wickes Group (LON:WIX) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 9.60 EPS for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. As a group, analysts predict that Wickes Group will post 16.2278978 EPS for the current fiscal year.

Wickes Group Company Profile

Wickes is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value and best-in-class service to customers across the United Kingdom, making it well placed to outperform its growing markets. In response to gradual structural shifts in its markets over recent years, Wickes has a balanced business focusing on three key customer journeys – TradePro, DIY (together reported as Retail) and our project-based Design & Installation division.

Wickes operates from its network of 230 stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members, and Wickes DIY app.