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

Wickes Group plc (LON:WIX)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 172.40 and last traded at GBX 175.42, with a volume of 1666423 shares. The stock had previously closed at GBX 178.60.

Analysts Set New Price Targets

Several analysts have recently issued reports on WIX shares. Shore Capital Group restated a “buy” rating on shares of Wickes Group in a research report on Tuesday, March 17th. Jefferies Financial Group reissued a “buy” rating and set a GBX 278 price objective on shares of Wickes Group in a research note on Tuesday. Citigroup upped their price objective on Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Canaccord Genuity Group lifted their target price on Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 280 target price on shares of Wickes Group in a research report on Thursday, April 9th. Four 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 presently has an average rating of “Moderate Buy” and an average price target of GBX 249.17.

Wickes Group Stock Performance

The stock has a market capitalization of £390.96 million, a PE ratio of 10.70, a PEG ratio of 0.79 and a beta of 0.88. The business’s 50 day moving average is GBX 214.74 and its 200 day moving average is GBX 225.15. 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 posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a net margin of 2.35% and a return on equity of 29.52%. On average, equities research analysts predict that Wickes Group plc will post 16.2278978 earnings per share for the current fiscal year.

Insider Activity at Wickes Group

In other Wickes Group news, insider Mark George sold 223,433 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of GBX 220, for a total value of £491,552.60. Also, insider David Wood sold 355,050 shares of the 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. Corporate insiders own 0.39% of the company’s stock.

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.