Wickes Group (LON:WIX) Stock Price Down 8.6% on Analyst Downgrade

Shares of Wickes Group plc (LON:WIX) fell 8.6% during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft downgraded the stock to a sell rating. Deutsche Bank Aktiengesellschaft now has a GBX 195 price target on the stock, down from their previous price target of GBX 205. Wickes Group traded as low as GBX 198.90 ($2.69) and last traded at GBX 201.50 ($2.72). 1,902,324 shares traded hands during trading, an increase of 39% from the average session volume of 1,367,013 shares. The stock had previously closed at GBX 220.50 ($2.98).

Other equities analysts have also issued research reports about the stock. 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, July 24th. Shore Capital reaffirmed a “buy” rating on shares of Wickes Group in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Wickes Group has a consensus rating of “Moderate Buy” and an average price target of GBX 208.33.

Wickes Group Price Performance

The stock has a market cap of £477.09 million, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. 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 company’s fifty day simple moving average is GBX 221.61 and its 200-day simple moving average is GBX 201.41.

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.