Deutsche Bank upgraded Wickes Group PLC from 'sell' to 'hold', raising its price target from 165p to 210p. The upgrade reflects reduced downside risk to earnings, supported by better current trading and a growing project pipeline. Despite challenges like weaker demand for big-ticket items and rising inflation affecting consumer confidence, Deutsche Bank favors Wickes' business model, management, and value brand. The company expects around 20% profit growth in H2 2026, driven by improved sales and cost savings. Wickes shares have fallen 18% this year but trade at a valuation similar to competitors.
Wickes Group PLC is the subject of Deutsche Bank's recent upgrade. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Sep 18, 2026 17:42 WIB: Of 104 priced US stocks, 65 rose and 34 fell today. Notable movers include ATER at USD 0.68 with a 1-day change of -1.38%, BBWI at USD 17.42 up 1.34%, and TRIP at USD 8.98 up 1.24%.
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