Wickes Group (LON:WIX) Sets New 12-Month High – Here’s Why

Wickes Group plc (LON:WIX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 243.50 and last traded at GBX 243.50, with a volume of 6561563 shares trading hands. The stock had previously closed at GBX 238.50.

Analyst Ratings Changes

Several analysts have weighed in on the company. Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a report on Thursday, January 22nd. Citigroup upped their price objective on shares of Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 250 target price on shares of Wickes Group in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 230.50.

Wickes Group Trading Up 0.6%

The stock has a fifty day moving average of GBX 233.46 and a two-hundred day moving average of GBX 222.52. The company has a market capitalization of £552.89 million, a PE ratio of 26.17, a PEG ratio of 0.79 and a beta of 0.78. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98.

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.