Wickes Group’s (WIX) “Buy” Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Wickes Group (LON:WIX) in a report issued on Tuesday morning, MarketBeat Ratings reports.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 198 ($2.62) price objective on shares of Wickes Group in a research note on Thursday, March 20th.

Wickes Group Trading Down 1.1 %

Shares of Wickes Group stock opened at GBX 197 ($2.61) on Tuesday. The stock has a market cap of £466.44 million, a P/E ratio of 15.93, a P/E/G 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 456.98. Wickes Group has a 12-month low of GBX 130.60 ($1.73) and a 12-month high of GBX 200.50 ($2.66). The business’s 50 day moving average is GBX 179.56 and its 200-day moving average is GBX 165.54.

Wickes Group (LON:WIX) last posted its quarterly earnings results on Thursday, March 20th. The company reported GBX 14.10 ($0.19) earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. Equities research analysts predict that Wickes Group will post 16.2278978 earnings per share for the current fiscal year.

Wickes Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, April 24th will be issued a GBX 7.30 ($0.10) dividend. This represents a yield of 4.01%. This is a positive change from Wickes Group’s previous dividend of $3.60. The ex-dividend date is Thursday, April 24th. Wickes Group’s dividend payout ratio is currently 88.93%.

Insiders Place Their Bets

In related news, insider David Wood sold 58,445 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of GBX 172 ($2.28), for a total transaction of £100,525.40 ($133,181.51). Company insiders own 7.16% of the company’s stock.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.