Wickes Group (LON:WIX) Trading Up 8.3% – What’s Next?

Wickes Group plc (LON:WIX) shares shot up 8.3% during trading on Tuesday . The company traded as high as GBX 195 and last traded at GBX 191.20. 24,410,428 shares traded hands during mid-day trading, an increase of 1,175% from the average session volume of 1,914,223 shares. The stock had previously closed at GBX 176.60.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 165 target price on shares of Wickes Group in a research report on Wednesday. Citigroup decreased their price target on shares of Wickes Group from GBX 227 to GBX 210 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 price target on shares of Wickes Group in a research report on Wednesday, July 22nd. Finally, Canaccord Genuity Group dropped their price objective on shares of Wickes Group from GBX 265 to GBX 260 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 243.

Wickes Group Stock Performance

The firm has a market cap of £428.36 million, a price-to-earnings ratio of 11.88, a P/E/G ratio of 0.79 and a beta of 0.85. The stock has a 50 day moving average of GBX 192.59 and a 200 day moving average of GBX 196.95. The company has a quick ratio of 0.58, a current ratio of 1.03 and a debt-to-equity ratio of 638.77.

Wickes Group (LON:WIX) last posted its quarterly earnings data on Tuesday, September 15th. The company reported GBX 9.60 earnings per share for the quarter. Wickes Group had a net margin of 2.23% and a return on equity of 30.64%. As a group, analysts anticipate 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.