Grace Gilberg, an analyst from Jefferies, maintained the Buy rating on Wickes Group. The associated price target remains the same with p275.00.
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Grace Gilberg’s rating is based on several positive indicators for Wickes Group. The company has shown a strong performance in its Q3’25 trading update, with notable increases in market share and solid momentum in its TradePro segment, which saw an 8% year-over-year sales growth. Additionally, there has been a steady growth in the DIY sector, and the D&I segment has delivered its second consecutive quarter of positive like-for-like sales, showing marked acceleration.
Despite the strong performance, the company has decided not to upgrade its full-year guidance due to anticipated tech costs and other headwinds. However, these factors have been accounted for in the guidance, and there is potential for upgrades as the year progresses. With a projected P/E ratio of 10x for FY27, the stock is considered attractively valued, supporting the Buy rating.
Gilberg covers the Consumer Cyclical sector, focusing on stocks such as Kingfisher, Wickes Group, and Dunelm Group. According to TipRanks, Gilberg has an average return of 0.2% and a 66.67% success rate on recommended stocks.