Wickes Group (LON:WIX) Stock Price Down 2.3% – Here’s What Happened

Wickes Group plc (LON:WIX)’s share price fell 2.3% during mid-day trading on Wednesday . The company traded as low as GBX 185 and last traded at GBX 185. Approximately 213,245 shares changed hands 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

WIX has been the topic of several analyst reports. Citigroup lowered their target price on Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Berenberg Bank reiterated a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a research report on Wednesday, July 22nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a research note on Tuesday, May 12th. Canaccord Genuity Group lowered their price target on Wickes Group from GBX 265 to GBX 260 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Shore Capital Group restated a “buy” rating and set a GBX 280 price objective on shares of Wickes Group in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 258.60.

Wickes Group Price Performance

The business has a 50-day moving average price of GBX 193.01 and a 200 day moving average price of GBX 200.81. The company has a market cap of £420.89 million, a price-to-earnings ratio of 11.67, a P/E/G ratio of 0.79 and a beta of 0.86. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57.

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.