Wickes Group (LON:WIX) Reaches New 12-Month High – What’s Next?

Wickes Group plc (LON:WIX) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 236 and last traded at GBX 234.95, with a volume of 66880 shares. The stock had previously closed at GBX 232.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Wickes Group to a “sell” rating and lowered their price objective for the company from GBX 205 to GBX 195 in a report on Tuesday, August 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 250 target price on shares of Wickes Group in a research report on Thursday, October 23rd. Citigroup dropped their price target on shares of Wickes Group from GBX 202 to GBX 200 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Finally, Shore Capital restated a “buy” rating and issued a GBX 250 price objective on shares of Wickes Group in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 223.75.

Wickes Group Stock Up 1.3%

The firm has a 50-day moving average price of GBX 219.72 and a two-hundred day moving average price of GBX 218.28. The company has a market capitalization of £527.55 million, a P/E ratio of 24.74, a PEG ratio of 0.79 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98.

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

Insider Buying and Selling at Wickes Group

In other news, insider Michael Iddon bought 15,317 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average cost of GBX 196 per share, with a total value of £30,021.32. Insiders own 0.38% of the company’s stock.

Wickes Group Company Profile

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.