Wickes Group (LON:WIX) Stock Price Up 1.8% – Here’s What Happened

Wickes Group plc (LON:WIX)’s share price traded up 1.8% during mid-day trading on Tuesday . The company traded as high as GBX 227.50 ($3.10) and last traded at GBX 226.50 ($3.08). 4,685,776 shares were traded during mid-day trading, an increase of 189% from the average session volume of 1,623,188 shares. The stock had previously closed at GBX 222.50 ($3.03).

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Canaccord Genuity Group lifted their price objective on Wickes Group from GBX 198 ($2.70) to GBX 250 ($3.40) 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 report on Tuesday, May 6th.

Wickes Group Stock Performance

The firm has a market capitalization of £536.28 million, a PE ratio of 18.31, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The company’s fifty day moving average price is GBX 209.92 and its two-hundred day moving average price is GBX 180.91.

Insider Buying and Selling at Wickes Group

In other Wickes Group news, insider David Wood sold 58,445 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of GBX 172 ($2.34), for a total transaction of £100,525.40 ($136,843.72). 7.16% of the stock is 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.