Insider Selling: Wickes Group (LON:WIX) Insider Sells 355,050 Shares of Stock

Wickes Group plc (LON:WIX) insider David Wood sold 355,050 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of GBX 223, for a total value of £791,761.50.

Wickes Group Stock Performance

WIX traded up GBX 2.75 during trading hours on Friday, hitting GBX 227.75. The company’s stock had a trading volume of 702,543 shares, compared to its average volume of 1,141,871. Wickes Group plc has a fifty-two week low of GBX 172.60 and a fifty-two week high of GBX 255. The company has a current ratio of 1.07, a quick ratio of 0.58 and a debt-to-equity ratio of 551.57. The firm has a market capitalization of £512.53 million, a PE ratio of 13.89, a PEG ratio of 0.79 and a beta of 0.87. The company has a 50-day simple moving average of GBX 227.16 and a 200 day simple moving average of GBX 226.39.

Wickes Group (LON:WIX) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 17.40 earnings per share (EPS) for the quarter. Wickes Group had a return on equity of 29.52% and a net margin of 2.35%. As a group, sell-side analysts expect that Wickes Group plc will post 16.2278978 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on WIX. Berenberg Bank reaffirmed a “buy” rating and set a GBX 280 price target on shares of Wickes Group in a research note on Thursday. Jefferies Financial Group increased their price target on Wickes Group from GBX 275 to GBX 278 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Citigroup increased their price target on Wickes Group from GBX 200 to GBX 227 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Shore Capital Group reaffirmed a “buy” rating on shares of Wickes Group in a research note on Tuesday, March 17th. Finally, Canaccord Genuity Group increased their price target on Wickes Group from GBX 250 to GBX 265 and gave the company a “buy” rating in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 249.17.

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 228 stores across the UK, employing 7,400 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 £27 billion UK Home Improvement market. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market.

At Wickes, we have a clear purpose, which is to ‘help the nation feel house proud’, and we do this by focusing on our three customer segments – Local Trade, Do-it-for-me and DIY retail.