Wickes Group (LON:WIX) Given Buy Rating at Berenberg Bank

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report released on Thursday,Digital Look reports. They presently have a GBX 265 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 50.40% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a research report on Tuesday, March 17th. Jefferies Financial Group reissued a “buy” rating and set a GBX 278 price objective on shares of Wickes Group in a research report on Tuesday, May 12th. Finally, Canaccord Genuity Group boosted their price objective on Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 246.67.

Wickes Group Stock Performance

LON WIX opened at GBX 176.20 on Thursday. The company has a market cap of £388.34 million, a P/E ratio of 10.74, a P/E/G ratio of 0.79 and a beta of 0.86. 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 50-day moving average of GBX 192.78 and a two-hundred day moving average of GBX 217.12. Wickes Group has a 1-year low of GBX 169.20 and a 1-year high of GBX 255.

Wickes Group (LON:WIX) last released its earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. As a group, analysts anticipate that Wickes Group will post 16.2278978 EPS for the current year.

Insider Buying and Selling

In related news, insider David Wood sold 355,050 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of GBX 223, for a total value of £791,761.50. Also, insider Mark George sold 223,433 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 220, for a total value of £491,552.60. Corporate insiders own 0.70% of the company’s stock.

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.