Barclays reiterated their overweight rating on shares of Watches of Switzerland Group (LON:WOSG – Get Rating) in a research note published on Wednesday morning, Marketbeat reports. Barclays currently has a GBX 1,610 ($19.85) price objective on the stock.
Shares of WOSG stock opened at GBX 886 ($10.92) on Wednesday. The company has a market capitalization of £2.12 billion and a price-to-earnings ratio of 28.95. The company has a debt-to-equity ratio of 136.84, a quick ratio of 0.69 and a current ratio of 1.72. The company has a 50-day simple moving average of GBX 1,072.22 and a two-hundred day simple moving average of GBX 1,226.71. Watches of Switzerland Group has a 52-week low of GBX 746 ($9.20) and a 52-week high of GBX 1,600 ($19.72).
In other Watches of Switzerland Group news, insider Teresa Colaianni bought 8,818 shares of Watches of Switzerland Group stock in a transaction that occurred on Friday, March 25th. The stock was acquired at an average cost of GBX 1,122 ($13.83) per share, for a total transaction of £98,937.96 ($121,964.94). Also, insider Ian Carter bought 8,700 shares of Watches of Switzerland Group stock in a transaction that occurred on Monday, March 28th. The stock was purchased at an average cost of GBX 1,146 ($14.13) per share, for a total transaction of £99,702 ($122,906.80).
Watches of Switzerland Group PLC operates as a retailer of luxury watches. It offers luxury watches and jewelry; fashion and classic watches and jewelry; and gifts. The company operates 118 stores in the United Kingdom and 30 stores in the United States, as well as through six transactional websites under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Analog Shift brands.
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