Wickes Group (LON:WIX) Insider David Wood Sells 355,050 Shares of Stock

Wickes Group plc (LON:WIX) insider David Wood sold 355,050 shares of Wickes Group stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 223, for a total value of £791,761.50.

Wickes Group Stock Up 1.8%

Shares of WIX opened at GBX 229.16 on Friday. The firm has a market cap of £515.70 million, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 0.79 and a beta of 0.94. Wickes Group plc has a 12-month low of GBX 172.60 and a 12-month high of GBX 255. The company’s 50-day moving average price is GBX 227.18 and its 200 day moving average price is GBX 226.52. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57.

Wickes Group (LON:WIX) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 17.40 earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.35% and a return on equity of 29.52%. On average, sell-side analysts forecast that Wickes Group plc will post 16.2278978 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WIX shares. Berenberg Bank restated a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research note on Thursday. Shore Capital Group restated a “buy” rating on shares of Wickes Group in a research note on Tuesday, March 17th. Citigroup boosted their target price on Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Canaccord Genuity Group boosted their target price on Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Jefferies Financial Group boosted their target price on Wickes Group from GBX 275 to GBX 278 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 249.17.

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.