Wickes Group (LON:WIX) Trading Down 2.3% – Here’s Why

Wickes Group plc (LON:WIX) shares traded down 2.3% during mid-day trading on Wednesday . The stock traded as low as GBX 185 and last traded at GBX 185. Approximately 213,245 shares were traded during trading, a decline of 88% from the average session volume of 1,819,805 shares. The stock had previously closed at GBX 189.40.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 target price on shares of Wickes Group in a research report on Wednesday, July 22nd. Citigroup cut their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 278 target price on shares of Wickes Group in a research note on Tuesday, May 12th. Shore Capital Group restated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a report on Tuesday, July 21st. Finally, Canaccord Genuity Group reduced their price target on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 258.60.

Wickes Group Price Performance

The firm has a fifty day moving average of GBX 193 and a two-hundred day moving average of GBX 201.16. The stock has a market capitalization of £406.81 million, a P/E ratio of 11.28, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58.

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.