Wickes Group (LON:WIX) Shares Down 0.3% – Time to Sell?

Wickes Group plc (LON:WIX) shares were down 0.3% during mid-day trading on Tuesday . The stock traded as low as GBX 183 and last traded at GBX 186.40. 7,465,417 shares changed hands during trading, an increase of 241% from the average daily volume of 2,189,498 shares. The stock had previously closed at GBX 187.

Analysts Set New Price Targets

A number of research firms recently commented on WIX. Jefferies Financial Group reissued a “buy” rating and issued a GBX 278 price target on shares of Wickes Group in a report on Tuesday, May 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 265 price objective on shares of Wickes Group in a research report on Thursday, June 18th. Canaccord Genuity Group lifted their price objective on shares of Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Shore Capital Group reissued a “buy” rating on shares of Wickes Group in a report on Tuesday, March 17th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 246.67.

Wickes Group Trading Down 0.3%

The company has a debt-to-equity ratio of 551.57, a current ratio of 1.07 and a quick ratio of 0.58. The stock has a 50-day moving average price of GBX 181.92 and a two-hundred day moving average price of GBX 210.41. The stock has a market cap of £409.89 million, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.

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.