Wickes Group (LON:WIX) Hits New 1-Year High – Time to Buy?

Wickes Group plc (LON:WIX)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 251 and last traded at GBX 249.29, with a volume of 381529 shares traded. The stock had previously closed at GBX 249.46.

Analyst Ratings Changes

A number of research firms recently commented on WIX. Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 price objective on shares of Wickes Group in a report on Friday, January 23rd. Shore Capital Group reiterated a “buy” rating on shares of Wickes Group in a research report on Thursday, January 22nd. Finally, Citigroup boosted their price target on Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Wickes Group presently has a consensus rating of “Hold” and a consensus target price of GBX 230.50.

Wickes Group Trading Down 0.1%

The business has a 50 day simple moving average of GBX 233.69 and a two-hundred day simple moving average of GBX 222.79. 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 company has a market cap of £554.45 million, a PE ratio of 26.24, a price-to-earnings-growth 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. 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.