Wickes Group (LON:WIX) Trading 0.9% Higher – Here’s What Happened

Wickes Group plc (LON:WIX)’s stock price was up 0.9% during mid-day trading on Friday . The stock traded as high as GBX 237 and last traded at GBX 236.50. Approximately 6,804,574 shares traded hands during mid-day trading, an increase of 370% from the average daily volume of 1,447,712 shares. The stock had previously closed at GBX 234.50.

Analyst Ratings Changes

WIX has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 250 target price on shares of Wickes Group in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 230.50.

Wickes Group Trading Up 0.9%

The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98. The business has a 50 day moving average of GBX 232.79 and a 200-day moving average of GBX 221.87. The stock has a market cap of £526.01 million, a PE ratio of 24.89, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have 228 stores across the UK, employing 7,400 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £27 billion UK Home Improvement market. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market.

At Wickes, we have a clear purpose, which is to ‘help the nation feel house proud’, and we do this by focusing on our three customer segments – Local Trade, Do-it-for-me and DIY retail.