Watches of Switzerland Group (LON:WOSG) Stock Price Up 4.8%

Watches of Switzerland Group plc (LON:WOSG) shot up 4.8% during trading on Wednesday . The stock traded as high as GBX 426 ($5.70) and last traded at GBX 426 ($5.70). 591,586 shares were traded during trading, a decline of 39% from the average session volume of 966,584 shares. The stock had previously closed at GBX 406.40 ($5.44).

Wall Street Analyst Weigh In

WOSG has been the subject of a number of research reports. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Watches of Switzerland Group from GBX 420 ($5.62) to GBX 435 ($5.82) and gave the company a “hold” rating in a research note on Friday, June 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 ($5.89) target price on shares of Watches of Switzerland Group in a research note on Tuesday, September 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 430 ($5.76) price target on shares of Watches of Switzerland Group in a research note on Wednesday, September 4th. Finally, Royal Bank of Canada boosted their price objective on Watches of Switzerland Group from GBX 500 ($6.70) to GBX 520 ($6.96) and gave the stock an “outperform” rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 474.17 ($6.35).

Watches of Switzerland Group Stock Performance

The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The company has a 50-day moving average price of GBX 394.27 and a two-hundred day moving average price of GBX 383.53. The stock has a market capitalization of £1.16 billion, a P/E ratio of 1,932.80, a price-to-earnings-growth ratio of 0.92 and a beta of 2.17.

Watches of Switzerland Group Company Profile

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.