Wickes Group (LON:WIX) Trading Down 9.3% – What’s Next?

Wickes Group plc (LON:WIXGet Free Report) shares were down 9.3% on Tuesday . The stock traded as low as GBX 183.70 and last traded at GBX 184.04. Approximately 865,591 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 1,506,432 shares. The stock had previously closed at GBX 203.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WIX shares. Citigroup increased their target price on shares of Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Shore Capital Group reiterated a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Berenberg Bank reiterated a “buy” rating and issued a GBX 280 target price on shares of Wickes Group in a report on Thursday, April 9th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 278 target price on shares of Wickes Group in a report on Tuesday. Finally, Canaccord Genuity Group increased their price objective on shares of Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Four research 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 currently has an average rating of “Moderate Buy” and a consensus price target of GBX 249.17.

View Our Latest Analysis on WIX

Wickes Group Price Performance

The company’s 50-day moving average price is GBX 216.22 and its 200-day moving average price is GBX 225.47. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. The company has a market cap of £398.95 million, a P/E ratio of 10.91, a P/E/G ratio of 0.79 and a beta of 0.88.

Wickes Group (LON:WIXGet Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 17.40 earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.35% and a return on equity of 29.52%. As a group, sell-side analysts predict that Wickes Group plc will post 16.2278978 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider David Wood sold 355,050 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total value of £791,761.50. Also, insider Mark George sold 223,433 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of GBX 220, for a total transaction of £491,552.60. 0.39% of the stock is currently owned by company insiders.

About Wickes Group

(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. 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.

Further Reading

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