Wickes Group (LON:WIX) Sets New 12-Month High – Here’s What Happened

Wickes Group plc (LON:WIX)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 230 ($3.14) and last traded at GBX 230 ($3.14), with a volume of 666135 shares traded. The stock had previously closed at GBX 226.50 ($3.09).

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WIX shares. Canaccord Genuity Group raised their price objective on Wickes Group from GBX 198 ($2.71) to GBX 250 ($3.42) and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Shore Capital reiterated a “buy” rating on shares of Wickes Group in a research note on Tuesday, May 6th.

Wickes Group Stock Performance

The company has a market cap of £542.20 million, a price-to-earnings ratio of 18.51, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The firm has a fifty day simple moving average of GBX 210.78 and a 200 day simple moving average of GBX 181.23.

Insider Activity at Wickes Group

In other news, insider David Wood sold 58,445 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 172 ($2.35), for a total value of £100,525.40 ($137,348.54). 7.16% of the stock is currently owned by company insiders.

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 over 230 stores across the UK, employing 8,500 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 £25 billion UK Home Improvement market.