The Swatch Group (OTCMKTS:SWGAY) Price Target Cut to CHF 254

The Swatch Group (OTCMKTS:SWGAYGet Rating) had its price objective decreased by research analysts at Morgan Stanley from CHF 280 to CHF 254 in a research note issued on Monday, The Fly reports. The brokerage presently has an “underweight” rating on the stock.

Other analysts have also recently issued reports about the company. Societe Generale reduced their price objective on The Swatch Group from CHF 330 to CHF 290 and set a “hold” rating on the stock in a research note on Thursday, April 21st. HSBC upgraded The Swatch Group from a “hold” rating to a “buy” rating in a research note on Monday, January 24th. Finally, Credit Suisse Group reduced their price objective on The Swatch Group from CHF 375 to CHF 360 in a research note on Wednesday, January 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $301.33.

OTCMKTS:SWGAY traded up $0.34 during trading hours on Monday, reaching $12.38. 80,700 shares of the stock were exchanged, compared to its average volume of 84,443. The business has a 50-day moving average of $13.22 and a two-hundred day moving average of $14.38. The Swatch Group has a twelve month low of $11.36 and a twelve month high of $18.59.

About The Swatch Group (Get Rating)

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. It operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. The Electronic Systems segment is involved in the design, production, and commercialization of electronic components, as well as sports timing activities.

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