Wickes Group (LON:WIX) Stock Price Down 9.3% – Should You Sell?

Wickes Group plc (LON:WIX)’s stock price was down 9.3% on Tuesday . The company traded as low as GBX 183.70 and last traded at GBX 184.04. Approximately 865,591 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 1,506,432 shares. The stock had previously closed at GBX 203.

Wall Street Analysts Forecast Growth

WIX has been the topic of several research analyst reports. Citigroup upped their target price on shares of Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 278 target price on shares of Wickes Group in a report on Tuesday. Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Canaccord Genuity Group boosted their price target on Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Wickes Group has a consensus rating of “Moderate Buy” and an average price target of GBX 249.17.

Wickes Group Stock Down 0.5%

The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57. The company has a 50 day simple moving average of GBX 213.31 and a two-hundred day simple moving average of GBX 224.78. The firm has a market capitalization of £387.36 million, a P/E ratio of 10.60, a P/E/G ratio of 0.79 and a beta of 0.88.

Wickes Group (LON:WIX) last announced its quarterly earnings results 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, equities analysts predict that Wickes Group plc will post 16.2278978 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David Wood sold 355,050 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total transaction of £791,761.50. Also, insider Mark George sold 223,433 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 220, for a total transaction of £491,552.60. 0.39% of the stock is currently owned by corporate insiders.

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.