Wickes Group (LON:WIX) Shares Down 0.9% - Should You Sell?

Key Points

• The stock price of Wickes Group (LON: WIX) fell by 0.9%, trading between GBX 210 ($2.84) and GBX 216 ($2.92) with significantly decreased trading volume compared to its average session.
• Equities research analysts at Shore Capital and Canaccord Genuity Group have both reissued a "buy" rating for Wickes Group, with Canaccord setting a target price of GBX 250 ($3.38).
• Wickes Group operates in the £27 billion UK home improvement market, with a current market capitalization of £511.42 million and a P/E ratio of 17.46.

Shares of Wickes Group plc (LON:WIX - Get Free Report) dropped 0.9% during trading on Thursday . The company traded as low as GBX 210 ($2.84) and last traded at GBX 216 ($2.92). Approximately 340,072 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 1,401,807 shares. The stock had previously closed at GBX 218 ($2.94).

Wall Street Analyst Weigh In

WIX has been the topic of a number of research reports. Shore Capital reissued a "buy" rating on shares of Wickes Group in a research report on Thursday, July 24th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 250 price objective on shares of Wickes Group in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Wickes Group has an average rating of "Buy" and an average price target of GBX 215.

Wickes Group Stock Performance

The firm has a market capitalization of £512.61 million, a price-to-earnings ratio of 17.50, a P/E/G ratio of 0.79 and a beta of 0.78. The stock's fifty day moving average is GBX 223.51 and its two-hundred day moving average is GBX 199.96. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 456.98.

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 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.