Wickes Group (LON:WIX) Insider Purchases £30,021.32 in Stock

Key Points

• Wickes Group insider Michael Iddon purchased 15,317 shares at an average price of GBX 196, totaling over £30,000 in investment.
• The company's stock is currently experiencing fluctuations, having recently set a fifty-two week low of GBX 142.30 and a high of GBX 236.
• Analysts have mixed ratings on Wickes Group, with Deutsche Bank recently downgrading the stock to a "sell" and a price objective lowered to GBX 195.

Wickes Group plc (LON:WIX - Get Free Report) insider Michael Iddon acquired 15,317 shares of the firm's stock in a transaction on Friday, September 12th. The stock was purchased at an average price of GBX 196 per share, for a total transaction of £30,021.32.

Wickes Group Trading Up 4.9%

Wickes Group stock traded up GBX 10 during mid-day trading on Friday, hitting GBX 213. The stock had a trading volume of 2,542,674 shares, compared to its average volume of 1,342,482. Wickes Group plc has a 12 month low of GBX 142.30 and a 12 month high of GBX 236. The stock has a 50-day simple moving average of GBX 212.24 and a two-hundred day simple moving average of GBX 204.53. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98. The stock has a market capitalization of £493.43 million, a PE ratio of 2,840.00, a P/E/G ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The company reported GBX 10 earnings per share for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. As a group, sell-side analysts forecast that Wickes Group plc will post 16.2278978 EPS for the current year.

Wall Street Analysts Forecast Growth

WIX has been the subject of several analyst reports. Shore Capital restated a "buy" rating on shares of Wickes Group in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Wickes Group to a "sell" rating and lowered their target price for the company from GBX 205 to GBX 195 in a research note on Tuesday, August 26th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 250 price target on shares of Wickes Group in a research report on Wednesday, September 10th. Finally, Citigroup lowered their price objective on shares of Wickes Group from GBX 202 to GBX 200 and set a "neutral" rating for the company in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 215.

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.