Wickes Group (LON:WIX) Sets New 1-Year High - What's Next?

Wickes Group plc (LON:WIX - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 233 ($3.14) and last traded at GBX 229 ($3.09), with a volume of 57920 shares trading hands. The stock had previously closed at GBX 231 ($3.12).

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Shore Capital restated a "buy" rating on shares of Wickes Group in a report on Tuesday, May 6th. Canaccord Genuity Group upped their target price on Wickes Group from GBX 198 ($2.67) to GBX 250 ($3.37) and gave the company a "buy" rating in a report on Tuesday, May 20th.

Wickes Group Stock Performance

The business has a fifty day simple moving average of GBX 220.23 and a 200-day simple moving average of GBX 187.96. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98. The firm has a market cap of £536.14 million, a P/E ratio of 18.31, a P/E/G ratio of 0.79 and a beta of 0.78.

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.