Wickes Group (LON:WIX) Insider Sells £791,761.50 in Stock

Key Points

• Insider sale: David Wood sold 355,050 shares on April 8 at an average of GBX 223, for a total of £791,761.50.
• Wickes shares were up 1.2% to GBX 227.75 on Friday with 702,543 shares traded, trading within a 52-week range of GBX 172.60–255 and sitting close to its 50/200-day moving averages (~GBX 227).
• Analysts have raised price targets and the stock has a consensus rating of "Moderate Buy" with an average target of GBX 249.17; the company has a market cap of £512.5m and a PE of 13.89.

Wickes Group plc (LON:WIX - Get Free Report) insider David Wood sold 355,050 shares of the company's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 223, for a total value of £791,761.50.

Wickes Group Trading Up 1.2%

LON:WIX traded up GBX 2.75 on Friday, hitting GBX 227.75. 702,543 shares of the stock were exchanged, compared to its average volume of 1,141,871. Wickes Group plc has a fifty-two week low of GBX 172.60 and a fifty-two week high of GBX 255. The stock has a fifty day moving average of GBX 227.16 and a 200-day moving average of GBX 226.39. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57. The stock has a market cap of £512.53 million, a PE ratio of 13.89, a PEG ratio of 0.79 and a beta of 0.87.

Wickes Group (LON:WIX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 17.40 EPS for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. As a group, equities analysts expect that Wickes Group plc will post 16.2278978 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on WIX shares. Citigroup upped their price objective on Wickes Group from GBX 200 to GBX 227 and gave the company a "neutral" rating in a research note on Friday, January 23rd. Canaccord Genuity Group upped their price objective on Wickes Group from GBX 250 to GBX 265 and gave the company a "buy" rating in a research note on Thursday, March 19th. Shore Capital Group restated a "buy" rating on shares of Wickes Group in a research note on Tuesday, March 17th. Jefferies Financial Group upped their price objective on Wickes Group from GBX 275 to GBX 278 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 280 price objective on shares of Wickes Group in a research note on Thursday. Four 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 249.17.

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.

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