Wickes Group (LON:WIX) Stock Price Up 0.7% – Here’s What Happened

by · The Cerbat Gem

Wickes Group plc (LON:WIX – Get Free Report) shot up 0.7% on Thursday . The company traded as high as GBX 216.67 and last traded at GBX 215. 317,110 shares were traded during mid-day trading, a decline of 73% from the average session volume of 1,166,295 shares. The stock had previously closed at GBX 213.50.

Analyst Ratings Changes

WIX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Wickes Group to a “sell” rating and dropped their price target for the company from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Shore Capital restated a “buy” rating and set a GBX 250 price target on shares of Wickes Group in a research note on Thursday, October 16th. Citigroup cut their price target on Wickes Group from GBX 202 to GBX 200 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 250 price target on shares of Wickes Group in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 223.75.

Get Our Latest Stock Report on WIX

Wickes Group Stock Up 0.9%

The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98. The stock has a market cap of £487.15 million, a price-to-earnings ratio of 22.84, a PEG ratio of 0.79 and a beta of 0.78. The business’s fifty day moving average is GBX 217.38 and its two-hundred day moving average is GBX 217.26.

Wickes Group (LON:WIX – Get Free Report) last released its quarterly earnings data on Tuesday, September 30th. The company reported GBX 15.10 earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. Equities analysts forecast that Wickes Group plc will post 16.2278978 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Iddon acquired 15,317 shares of Wickes Group stock in a transaction dated Friday, September 12th. The shares were acquired at an average cost of GBX 196 per share, with a total value of £30,021.32. 0.38% of the stock is currently owned by corporate insiders.

Wickes Group Company Profile

(Get Free Report)

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.

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