Wickes Group’s (WIX) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Wickes Group (LON:WIX) in a research note issued to investors on Thursday, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 198 ($2.56) target price on the stock.

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

Wickes Group Stock Performance

Shares of LON WIX opened at GBX 173.60 ($2.24) on Thursday. The company has a market cap of £411.03 million, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Wickes Group has a 12 month low of GBX 130.60 ($1.69) and a 12 month high of GBX 186 ($2.40). The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The company has a 50-day simple moving average of GBX 167.58 and a 200-day simple moving average of GBX 161.49.

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

Wickes Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 7.30 ($0.09) per share. This represents a yield of 4.01%. This is a boost from Wickes Group’s previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, April 24th. Wickes Group’s payout ratio is 88.93%.

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.