Wickes Group (LON:WIX) Stock Price Down 0.7% – Here’s What Happened

Shares of Wickes Group plc (LON:WIX) dropped 0.7% during mid-day trading on Wednesday . The stock traded as low as GBX 145.80 ($1.84) and last traded at GBX 148.20 ($1.88). Approximately 229,308 shares changed hands during trading, a decline of 60% from the average daily volume of 566,957 shares. The stock had previously closed at GBX 149.20 ($1.89).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 180 ($2.28) price target on shares of Wickes Group in a research report on Tuesday, September 10th.

Wickes Group Price Performance

The company has a debt-to-equity ratio of 454.31, a current ratio of 1.10 and a quick ratio of 0.58. The company has a 50-day simple moving average of GBX 162.78 and a two-hundred day simple moving average of GBX 152.80. The stock has a market capitalization of £351.37 million, a price-to-earnings ratio of 1,235.00, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78.

Wickes Group Cuts Dividend

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