Wickes Group (LON:WIX) Shares Up 0.7% – Here’s Why

Wickes Group plc (LON:WIX) shares shot up 0.7% on Friday . The company traded as high as GBX 157.60 ($1.99) and last traded at GBX 154.60 ($1.95). 182,652 shares traded hands during trading, a decline of 68% from the average session volume of 565,963 shares. The stock had previously closed at GBX 153.60 ($1.94).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 180 ($2.27) target price on shares of Wickes Group in a research note on Tuesday, September 10th.

Wickes Group Price Performance

The stock’s 50 day moving average price is GBX 155.52 and its two-hundred day moving average price is GBX 153.39. The stock has a market cap of £366.54 million, a price-to-earnings ratio of 1,288.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 454.31.

Wickes Group Company Profile

Wickes Group plc operates as a retailer of home repair, maintenance, and improvement products and services in the United Kingdom. It supports customers home improvements plans through Local Trade, Design and Installation, and do-it-yourself (DIY) prepositions. The company's products portfolio includes kitchen, bathroom, garden and outdoor space, building supplies, tools, timber, doors, drawer fronts, decorating, flooring and tiles, electrical, hardware and roofing, painting, extensions, loft conversions, driveway, hang a shelf, and joinery and landscaping categories.