Wickes Group (LON:WIX) Hits New 12-Month High - Here's What Happened

Wickes Group plc (LON:WIX - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as GBX 233 ($3.17) and last traded at GBX 232 ($3.15), with a volume of 1982987 shares changing hands. The stock had previously closed at GBX 220.50 ($3.00).

Wall Street Analyst Weigh In

Several brokerages have commented on WIX. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 250 ($3.40) price objective on shares of Wickes Group in a research report on Thursday. Shore Capital reaffirmed a "buy" rating on shares of Wickes Group in a report on Thursday.

Wickes Group Price Performance

The company has a market cap of £537.47 million, a PE ratio of 18.35, a PEG ratio of 0.79 and a beta of 0.78. The company's 50-day simple moving average is GBX 223.75 and its 200 day simple moving average is GBX 191.40. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10.

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.

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