Wickes Group (LON:WIX) Trading Down 0.7% - Here's What Happened

Wickes Group plc (LON:WIX - Get Free Report)'s stock price dropped 0.7% on Wednesday . The stock traded as low as GBX 145.80 ($1.84) and last traded at GBX 148.20 ($1.88). Approximately 229,308 shares changed hands during trading, a decline of 60% from the average daily volume of 566,957 shares. The stock had previously closed at GBX 149.20 ($1.89).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 180 ($2.28) price objective on shares of Wickes Group in a research note on Tuesday, September 10th.

Wickes Group Stock Performance

The company has a debt-to-equity ratio of 454.31, a current ratio of 1.10 and a quick ratio of 0.58. The company's fifty day simple moving average is GBX 162.78 and its two-hundred day simple moving average is GBX 152.80. The stock has a market cap of £351.84 million, a price-to-earnings ratio of 1,235.00, a P/E/G ratio of 0.79 and a beta of 0.78.

Wickes Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd were given a dividend of GBX 3.60 ($0.05) per share. This represents a dividend yield of 2.18%. The ex-dividend date was Thursday, October 3rd. Wickes Group's dividend payout ratio is currently 9,166.67%.

About Wickes Group

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.