Wickes Group (LON:WIX) Given “Buy” Rating at Canaccord Genuity Group

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 198 ($2.58) price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 8.13% from the stock’s current price.

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

Wickes Group Stock Performance

Shares of LON WIX traded up GBX 11.52 ($0.15) during trading on Thursday, reaching GBX 183.12 ($2.38). The stock had a trading volume of 1,693,266 shares, compared to its average volume of 1,939,721. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. Wickes Group has a one year low of GBX 130.60 ($1.70) and a one year high of GBX 186 ($2.42). The firm’s 50 day moving average price is GBX 166.37 and its two-hundred day moving average price is GBX 161.34. The stock has a market cap of £433.57 million, a PE ratio of 14.80, a P/E/G ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX) last issued its quarterly earnings data on Thursday, March 20th. The company reported GBX 14.10 ($0.18) EPS for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. On average, research analysts forecast that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

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 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.