Wickes Group (LON:WIX) Sets New 52-Week High – What’s Next?

Wickes Group plc (LON:WIX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 243 and last traded at GBX 240.50, with a volume of 82496 shares trading hands. The stock had previously closed at GBX 239.

Analyst Ratings Changes

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

Wickes Group Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98. The firm has a market capitalization of £531.65 million, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The firm has a 50 day moving average price of GBX 223.05 and a 200-day moving average price of GBX 219.48.

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

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.