Wickes Group (LON:WIX) Shares Up 0.2% – Here’s What Happened

Wickes Group plc (LON:WIX)’s share price shot up 0.2% during trading on Tuesday . The company traded as high as GBX 165.60 ($2.15) and last traded at GBX 164 ($2.13). 472,929 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 575,475 shares. The stock had previously closed at GBX 163.60 ($2.12).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 180 ($2.33) target price on shares of Wickes Group in a report on Tuesday, September 10th.

Wickes Group Trading Down 3.0 %

The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 454.31. The stock has a fifty day simple moving average of GBX 166.76 and a 200 day simple moving average of GBX 152.36. The firm has a market capitalization of £380.29 million, a P/E ratio of 1,336.67, a PEG ratio of 0.79 and a beta of 0.78.

Wickes Group Cuts Dividend

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

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.