Jefferies lowered the firm’s price target on Wickes Group (WCKGF) to 264 GBp from 278 GBp and keeps a Buy rating on the shares. While a negative Retail like-for-like print was “clearly disappointing,” management has seen signs of recovery as weather impacts subside, says the analyst, who adjusted estimates to reflect the Q1 weakness and potential downside risk.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WCKGF:
- Grace Gilberg Reiterates Buy as DIY Strength and Steady Guidance Underpin Outlook Despite Softer Q1; Price Target Raised from $203 to $278
- Wickes grows revenue as Design & Installation and TradePro offset weak DIY demand
- Wickes Cuts Share Count Further as Buyback Programme Progresses
- Wickes Confirms Share Capital and Voting Rights for FCA Disclosure Thresholds
- Wickes Advances Buyback, Cutting Share Count and Voting Rights Base