Watches of Switzerland Group (LON:WOSG) Trading 3.2% Higher – What’s Next?

Watches of Switzerland Group plc (LON:WOSG)’s stock price was up 3.2% during trading on Wednesday . The company traded as high as GBX 441.60 ($5.68) and last traded at GBX 438 ($5.64). Approximately 490,148 shares were traded during trading, a decline of 48% from the average daily volume of 934,194 shares. The stock had previously closed at GBX 424.40 ($5.46).

Wall Street Analyst Weigh In

Several brokerages have recently commented on WOSG. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 ($5.66) target price on shares of Watches of Switzerland Group in a report on Tuesday, September 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 430 ($5.53) price objective on shares of Watches of Switzerland Group in a research note on Wednesday, September 4th. Finally, Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 474.17 ($6.10).

Watches of Switzerland Group Stock Up 0.9 %

The firm’s 50-day simple moving average is GBX 431.08 and its 200-day simple moving average is GBX 405.70. The company has a market capitalization of £1.07 billion, a price-to-earnings ratio of 1,777.60, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a debt-to-equity ratio of 109.69, a quick ratio of 0.48 and a current ratio of 1.95.

About Watches of Switzerland Group

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services.