Canaccord Genuity Group Reaffirms Buy Rating for Wickes Group (LON:WIX)

Wickes Group (LON:WIX)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 180 ($2.35) price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 5.51% from the company’s previous close.

Wickes Group Stock Performance

Shares of WIX traded up GBX 4.80 ($0.06) during mid-day trading on Tuesday, reaching GBX 170.60 ($2.23). 1,097,644 shares of the company’s stock were exchanged, compared to its average volume of 589,135. The business’s fifty day simple moving average is GBX 151.54 and its 200-day simple moving average is GBX 148.78. The stock has a market capitalization of £403.98 million, a PE ratio of 1,411.10, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74. Wickes Group has a 52-week low of GBX 120 ($1.57) and a 52-week high of GBX 175 ($2.29). The company has a debt-to-equity ratio of 413.84, a current ratio of 1.18 and a quick ratio of 0.58.

Wickes Group Company Profile

Wickes Group plc operates as a retailer of home repair, maintenance, and improvement products and services in the United Kingdom. It supports customers home improvements plans through Local Trade, Design and Installation, and do-it-yourself (DIY) prepositions. The company's products portfolio includes kitchen, bathroom, garden and outdoor space, building supplies, tools, timber, doors, drawer fronts, decorating, flooring and tiles, electrical, hardware and roofing, painting, extensions, loft conversions, driveway, hang a shelf, and joinery and landscaping categories.