Royal Bank of Canada Trims Watches of Switzerland Group (LON:WOSG) Target Price to GBX 425

Watches of Switzerland Group (LON:WOSG) had its price objective trimmed by Royal Bank of Canada from GBX 475 ($5.87) to GBX 425 ($5.25) in a report issued on Tuesday, LSE.Co.UK reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Barclays restated an overweight rating and set a GBX 580 ($7.16) price target on shares of Watches of Switzerland Group in a research note on Friday, February 9th. Citigroup reiterated a buy rating and issued a GBX 440 ($5.43) price objective on shares of Watches of Switzerland Group in a research note on Tuesday.

Watches of Switzerland Group Trading Down 1.7 %

Shares of Watches of Switzerland Group stock opened at GBX 356.60 ($4.40) on Tuesday. The company has a current ratio of 1.69, a quick ratio of 0.48 and a debt-to-equity ratio of 102.29. Watches of Switzerland Group has a 12-month low of GBX 324.80 ($4.01) and a 12-month high of GBX 899.50 ($11.11). The firm has a market capitalization of £854.31 million, a price-to-earnings ratio of 824.09, a PEG ratio of 0.82 and a beta of 2.09. The firm’s 50 day simple moving average is GBX 377.44 and its two-hundred day simple moving average is GBX 494.57.

Insider Transactions at Watches of Switzerland Group

In other Watches of Switzerland Group news, insider Ian Carter acquired 50,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of GBX 377 ($4.66) per share, for a total transaction of £188,500 ($232,831.03). Company insiders own 4.53% of the company’s stock.

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.