Shares of Wickes Group plc (LON:WIX – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 172.40 and last traded at GBX 175.42, with a volume of 1666423 shares. The stock had previously closed at GBX 178.60.
Wall Street Analyst Weigh In
Several research firms have issued reports on WIX. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a research report on Tuesday, March 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a research note on Tuesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a report on Thursday, April 9th. Canaccord Genuity Group upped their price objective on shares of Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Citigroup raised their target price on shares of Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Four 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 data from MarketBeat.com, Wickes Group presently has an average rating of “Moderate Buy” and an average target price of GBX 249.17.
Wickes Group Price Performance
Wickes Group (LON:WIX – Get Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. Sell-side analysts forecast that Wickes Group plc will post 16.2278978 EPS for the current fiscal year.
Insider Activity
In related news, insider David Wood sold 355,050 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total transaction of £791,761.50. Also, insider Mark George sold 223,433 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 220, for a total transaction of £491,552.60. Corporate insiders own 0.39% of the company’s stock.
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.
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