Wickes Group (LON:WIX) Trading Down 0.7% – Should You Sell?

Wickes Group plc (LON:WIX) was down 0.7% on Wednesday . The stock 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 Analysts Forecast Growth

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

Wickes Group Price Performance

The company has a market capitalization 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 business’s 50-day moving average price is GBX 162.30 and its 200 day moving average price is 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 company also recently announced a dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd were paid a GBX 3.60 ($0.05) dividend. This represents a yield of 2.18%. The ex-dividend date 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.