Wickes Group (LON:WIX) Trading Down 0.5% – Should You Sell?

Wickes Group plc (LON:WIX) dropped 0.5% during mid-day trading on Monday . The company traded as low as GBX 211 and last traded at GBX 215.50. Approximately 338,677 shares changed hands during trading, a decline of 68% from the average daily volume of 1,056,952 shares. The stock had previously closed at GBX 216.52.

Wall Street Analyst Weigh In

WIX has been the subject of a number of analyst reports. 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. Jefferies Financial Group raised their target price on Wickes Group from GBX 275 to GBX 278 and gave the company a “buy” rating in a research report on Wednesday. Canaccord Genuity Group reaffirmed 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 reiterated a “buy” rating on shares of Wickes Group in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Wickes Group has an average rating of “Hold” and an average price target of GBX 240.

Wickes Group Trading Down 0.5%

The company’s 50-day moving average price is GBX 233.11 and its 200-day moving average price is GBX 225.20. The firm has a market cap of £490.43 million, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. The company has a quick ratio of 0.58, a current ratio of 1.07 and a debt-to-equity ratio of 551.57.

Wickes Group (LON:WIX) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share for the quarter. Wickes Group had a net margin of 2.35% and a return on equity of 29.52%. Equities analysts expect that Wickes Group plc will post 16.2278978 EPS for the current fiscal year.

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.