Wickes Group (LON:WIX) Reaches New 1-Year High - Still a Buy?

Wickes Group plc (LON:WIX - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 230 ($3.16) and last traded at GBX 230 ($3.16), with a volume of 666135 shares. The stock had previously closed at GBX 226.50 ($3.11).

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Canaccord Genuity Group boosted their target price on Wickes Group from GBX 198 ($2.72) to GBX 250 ($3.43) and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Shore Capital restated a "buy" rating on shares of Wickes Group in a research report on Tuesday, May 6th.

Wickes Group Stock Performance

The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The company has a 50 day simple moving average of GBX 212.52 and a 200-day simple moving average of GBX 182.29. The stock has a market cap of £549.31 million, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Insiders Place Their Bets

In other news, insider David Wood sold 58,445 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 172 ($2.36), for a total transaction of £100,525.40 ($137,951.69). Corporate insiders own 7.16% of the company's stock.

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 over 230 stores across the UK, employing 8,500 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 £25 billion UK Home Improvement market.