Wickes Group (LON:WIX) Shares Down 0.5% – Here’s Why

Wickes Group plc (LON:WIX)’s stock price fell 0.5% on Monday . The company traded as low as GBX 211 and last traded at GBX 215.50. 338,677 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 1,056,952 shares. The stock had previously closed at GBX 216.52.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WIX. Citigroup increased their price objective on shares of Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a report on Friday, January 23rd. Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 250 target price on shares of Wickes Group in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Wickes Group currently has an average rating of “Hold” and a consensus price target of GBX 230.50.

Wickes Group Trading Down 0.5%

The company has a quick ratio of 0.58, a current ratio of 1.09 and a debt-to-equity ratio of 552.11. The stock has a market capitalization of £479.30 million, a P/E ratio of 22.68, a PEG ratio of 0.79 and a beta of 0.87. The firm’s 50-day simple moving average is GBX 233.52 and its 200 day simple moving average is GBX 225.08.

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.