Wickes Group (LON:WIX) Price Target Lowered to GBX 260 at Canaccord Genuity Group

Wickes Group (LON:WIX) had its price target decreased by stock analysts at Canaccord Genuity Group from GBX 265 to GBX 260 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 36.99% from the stock’s current price.

A number of other research firms have also commented on WIX. Shore Capital Group restated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Tuesday. Berenberg Bank reissued a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 250.83.

Wickes Group Stock Performance

Wickes Group stock opened at GBX 189.80 on Wednesday. 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 current ratio of 1.07 and a quick ratio of 0.58. The stock has a fifty day moving average price of GBX 181.03 and a two-hundred day moving average price of GBX 208.85. The firm has a market capitalization of £417.37 million, a P/E ratio of 11.57, a P/E/G ratio of 0.79 and a beta of 0.85.

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.