Berenberg starts coverage on UK retailer Wickes with 'buy' rating

Wickes

09/04/2026 08:47

** Berenberg initiates coverage on British retailer Wickes WIX.L with a "buy" rating and price target of 280p

** Says Wickes' digitally enabled omnichannel model, which integrates online and in‑store channels, positions the company to benefit from long‑term trends in the UK repair, maintenance, and improvement (RMI) market

** WIX up marginally at 222p in premarket trade

** "Robust sales growth, cost efficiency, and working capital control drive strong cash generation and self-funded growth"- Berenberg

** Eleven analysts rate the stock "buy" on average; median PT is $242.5p - data compiled by LSEG

** As of last close, WIX is down ~6% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))