Wickes Group (LON:WIX) Trading Down 0.3% – Should You Sell?

Wickes Group plc (LON:WIX)’s stock price dropped 0.3% on Tuesday . The stock traded as low as GBX 183 and last traded at GBX 186.40. 7,465,417 shares traded hands during trading, an increase of 241% from the average session volume of 2,189,498 shares. The stock had previously closed at GBX 187.

Analyst Ratings Changes

WIX has been the topic of a number of analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 265 price objective on shares of Wickes Group in a research note on Thursday, June 18th. Jefferies Financial Group restated a “buy” rating and set a GBX 278 target price on shares of Wickes Group in a report on Tuesday, May 12th. Finally, Canaccord Genuity Group upped their price target on shares of Wickes Group from GBX 250 to GBX 265 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 246.67.

Wickes Group Trading Up 2.5%

The business has a 50-day simple moving average of GBX 181.61 and a two-hundred day simple moving average of GBX 210.08. The stock has a market cap of £425.28 million, a price-to-earnings ratio of 11.79, a P/E/G ratio of 0.79 and a beta of 0.85. The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58.

Wickes Group Company Profile

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.