UK's Wickes rises; Jefferies starts coverage with 'buy'

Wickes

19/09/2025 09:28

** British home improvement retailer Wickes WIX.L rises 3.5% to 210.5p

** Jefferies initiates with "buy", PT of 275p

** Says co's profit declined due to category-specific challenges; but sees margin recovery ahead as macro conditions stabilise, investment benefits emerge

** Last week, co reported half-year profits, driven by growth in its trade loyalty program, stronger do-it-yourself sales

** Jefferies says, "We believe Wickes' value-led model, majority own-brand portfolio, and superior service provide a competitive edge in a fragmented UK home improvement market"

** Stock rated "buy" on avg; median PT is 230p, per data compiled by LSEG

** As of last close, WIX gains ~40% this year

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))