Wickes Group (LON:WIX) Hits New 12-Month High – What’s Next?

Wickes Group plc (LON:WIX) hit a new 52-week high during mid-day trading on Monday . The stock 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 weighed in on the company. Citigroup lifted their target price on 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 reaffirmed a “buy” rating and issued a GBX 250 price objective on shares of Wickes Group in a research note on Friday, January 23rd. Finally, Shore Capital Group reiterated a “buy” rating on shares of Wickes Group in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 230.50.

Wickes Group Stock Performance

The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The stock has a fifty day simple moving average of GBX 233.69 and a two-hundred day simple moving average of GBX 222.79. The stock has a market cap of £554.45 million, a PE ratio of 26.24, a PEG ratio of 0.79 and a beta of 0.78.

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.