Wickes Group (LON:WIX) Trading 0.9% Higher – Should You Buy?

Wickes Group plc (LON:WIX) traded up 0.9% on Friday . The company traded as high as GBX 237 and last traded at GBX 236.50. 6,804,574 shares traded hands during trading, an increase of 370% from the average session volume of 1,447,712 shares. The stock had previously closed at GBX 234.50.

Wall Street Analysts Forecast Growth

WIX has been the subject of a number of research reports. Shore Capital Group reiterated a “buy” rating on shares of Wickes Group in a research note on Thursday, January 22nd. Citigroup increased their target price on Wickes Group from GBX 200 to GBX 227 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 250 price target on shares of Wickes Group in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Wickes Group presently has an average rating of “Hold” and an average target price of GBX 230.50.

Wickes Group Price Performance

The company has a market capitalization of £526.01 million, a P/E ratio of 24.89, a P/E/G ratio of 0.79 and a beta of 0.78. 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 business’s 50-day simple moving average is GBX 232.79 and its 200 day simple moving average is GBX 221.87.

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.