Wickes Group (LON:WIX) Sets New 1-Year High at $176.80

Wickes Group plc (LON:WIX)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 176.80 ($2.31) and last traded at GBX 174.60 ($2.28), with a volume of 382701 shares trading hands. The stock had previously closed at GBX 173.80 ($2.27).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 180 ($2.35) price target on shares of Wickes Group in a report on Tuesday, September 10th.

Wickes Group Stock Up 0.5 %

The firm has a market cap of £414.24 million, a P/E ratio of 1,448.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The company’s 50-day simple moving average is GBX 154.54 and its 200 day simple moving average is GBX 149.12. The company has a debt-to-equity ratio of 413.84, a current ratio of 1.18 and a quick ratio of 0.58.

Wickes Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a GBX 3.60 ($0.05) dividend. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, October 3rd. Wickes Group’s payout ratio is 9,166.67%.

About Wickes Group

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.