Wickes Group (LON:WIX) Shares Down 2.3% - What's Next?

Key Points

• Wickes Group shares fell 2.3% to GBX 185 in mid-day trading, with trading volume down 88% from the stock’s average daily volume.
• Analyst sentiment remains positive overall: four analysts rate the stock a Buy and one a Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 258.60.
• Recent targets range from Citigroup’s GBX 210 “neutral” view to Shore Capital’s GBX 280 “buy” target, while Wickes has a £406.81 million market capitalization and trades at a P/E ratio of 11.28.

Wickes Group plc (LON:WIX - Get Free Report)'s share price dropped 2.3% during mid-day trading on Wednesday . The company traded as low as GBX 185 and last traded at GBX 185. Approximately 213,245 shares traded hands during trading, a decline of 88% from the average daily volume of 1,819,805 shares. The stock had previously closed at GBX 189.40.

Analysts Set New Price Targets

WIX has been the topic of several recent research reports. Citigroup lowered their price objective 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 target price on shares of Wickes Group in a report on Wednesday, July 22nd. Shore Capital Group reiterated a "buy" rating and issued a GBX 280 price target on shares of Wickes Group in a research report on Tuesday, July 21st. Canaccord Genuity Group dropped their price target on shares of Wickes Group from GBX 265 to GBX 260 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 278 price objective on shares of Wickes Group in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 258.60.

Wickes Group Trading Down 2.3%

The stock has a 50-day moving average price of GBX 193 and a two-hundred day moving average price of GBX 201.16. The stock has a market capitalization of £406.81 million, a PE ratio of 11.28, a PEG ratio of 0.79 and a beta of 0.86. The company has a debt-to-equity ratio of 551.57, a quick ratio of 0.58 and a current ratio of 1.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source