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

Canaccord Genuity Group restated their buy rating on shares of Wickes Group (LON:WIX - Free Report) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 198 ($2.56) price target on the stock.

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

Wickes Group Price Performance

Wickes Group stock traded down GBX 8.40 ($0.11) during mid-day trading on Thursday, hitting GBX 173.60 ($2.24). The stock had a trading volume of 2,187,243 shares, compared to its average volume of 1,946,913. The firm has a market capitalization of £411.03 million, a P/E ratio of 14.03, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98. The firm's 50 day moving average is GBX 167.58 and its 200 day moving average is GBX 161.52. Wickes Group has a one year low of GBX 130.60 ($1.69) and a one year high of GBX 186 ($2.40).

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

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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 issued a dividend of GBX 7.30 ($0.09) per share. This represents a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Wickes Group's previous dividend of $3.60. Wickes Group's dividend payout ratio is 88.93%.

Wickes Group Company Profile

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.