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

Wickes Group plc (LON:WIX)’s share price was down 0.7% on Wednesday . The company traded as low as GBX 145.80 ($1.83) and last traded at GBX 148.20 ($1.86). Approximately 229,308 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 566,957 shares. The stock had previously closed at GBX 149.20 ($1.87).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 180 ($2.26) price objective on shares of Wickes Group in a research note on Tuesday, September 10th.

Wickes Group Stock Up 0.7 %

The stock has a market cap of £354.69 million, a P/E ratio of 1,238.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The firm has a 50 day simple moving average of GBX 162.30 and a 200-day simple moving average of GBX 152.77. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 454.31.

Wickes Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were issued 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 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.