Wickes Group (LON:WIX) Reaches New 52-Week High – Here’s What Happened

Wickes Group plc (LON:WIX)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 251 and last traded at GBX 249.29, with a volume of 381529 shares trading hands. The stock had previously closed at GBX 249.46.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a report on Friday, January 23rd. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 250 price target on shares of Wickes Group in a report on Friday, January 23rd. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a research note on Thursday, January 22nd. Two investment 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 has a consensus rating of “Hold” and an average target price of GBX 230.50.

Wickes Group Price Performance

The company has a market cap of £561.60 million, a P/E ratio of 26.58, a P/E/G ratio of 0.79 and a beta of 0.78. The company’s 50-day moving average price is GBX 234.45 and its 200-day moving average price is GBX 223.41. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 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.