Wickes Group (LON:WIX) Earns “Buy” Rating from Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 198 ($2.56) price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 14.06% from the stock’s current price.

Separately, Shore Capital reiterated a “not rated” rating on shares of Wickes Group in a research report on Thursday.

Wickes Group Price Performance

Shares of WIX opened at GBX 173.60 ($2.24) on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98. The stock’s 50 day moving average is GBX 167.58 and its two-hundred day moving average is GBX 161.52. Wickes Group has a twelve month low of GBX 130.60 ($1.69) and a twelve month high of GBX 186 ($2.40). The firm has a market capitalization of £411.03 million, a PE ratio of 14.03, a P/E/G ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX) last announced its quarterly earnings results on Thursday, March 20th. The company reported GBX 14.10 ($0.18) earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. Research analysts anticipate that Wickes Group will post 16.2278978 earnings per share 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 over 230 stores across the UK, employing 8,500 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 £25 billion UK Home Improvement market.