Wickes Group (LON:WIX) Sets New 52-Week High – Still a Buy?

Wickes Group plc (LON:WIX) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 186 ($2.42) and last traded at GBX 182.77 ($2.38), with a volume of 1855642 shares traded. The stock had previously closed at GBX 171.60 ($2.23).

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Shore Capital reiterated a “not rated” rating on shares of Wickes Group in a research note on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 198 ($2.58) price objective on shares of Wickes Group in a research report on Thursday.

Wickes Group Stock Performance

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 business has a 50 day moving average price of GBX 166.37 and a two-hundred day moving average price of GBX 161.34. The stock has a market cap of £432.74 million, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX) last posted its quarterly earnings results on Thursday, March 20th. The company reported GBX 14.10 ($0.18) earnings per share for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. On average, sell-side analysts forecast that Wickes Group plc will post 16.2278978 earnings per share for the current fiscal year.

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 over 230 stores across the UK, employing 8,500 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 £25 billion UK Home Improvement market.