Canaccord Genuity Group Reaffirms "Buy" Rating for Wickes Group (LON:WIX)

Canaccord Genuity Group reiterated their buy rating on shares of Wickes Group (LON:WIX - Free Report) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 198 ($2.56) target price on the stock.

Separately, Shore Capital reissued a "not rated" rating on shares of Wickes Group in a research report on Thursday.

Wickes Group Stock Down 0.1 %

WIX traded down GBX 0.21 ($0.00) on Thursday, hitting GBX 173.39 ($2.24). The company had a trading volume of 485,120 shares, compared to its average volume of 1,925,426. Wickes Group has a 52-week low of GBX 130.60 ($1.69) and a 52-week high of GBX 186 ($2.40). The stock has a fifty day simple moving average of GBX 168.15 and a 200-day simple moving average of GBX 161.51. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58. The firm has a market capitalization of £410.54 million, a P/E ratio of 14.02, a P/E/G ratio of 0.79 and a beta of 0.78.

Wickes Group (LON:WIX - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported GBX 14.10 ($0.18) earnings per share for the quarter. Wickes Group had a return on equity of 19.39% and a net margin of 2.01%. As a group, equities analysts expect that Wickes Group will post 16.2278978 EPS for the current fiscal year.

Wickes Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 7.30 ($0.09) per share. This is a boost from Wickes Group's previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 4.01%. Wickes Group's payout ratio is presently 88.93%.

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.