Wickes Group (LON:WIX) Hits New 52-Week High at $176.80

Wickes Group plc (LON:WIX)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 176.80 ($2.34) and last traded at GBX 174.60 ($2.31), with a volume of 382701 shares changing hands. The stock had previously closed at GBX 173.80 ($2.30).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 180 ($2.38) price target on shares of Wickes Group in a report on Tuesday, September 10th.

Wickes Group Price Performance

The company has a debt-to-equity ratio of 413.84, a current ratio of 1.18 and a quick ratio of 0.58. The firm has a fifty day moving average of GBX 156.80 and a two-hundred day moving average of GBX 149.52. The stock has a market capitalization of £415.66 million, a P/E ratio of 1,460.00, a P/E/G ratio of 0.79 and a beta of 0.78.

Wickes Group Cuts Dividend

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