Watches of Switzerland Group (LON:WOSG) Stock Price Down 2.2% – What’s Next?

Shares of Watches of Switzerland Group plc (LON:WOSG) traded down 2.2% during mid-day trading on Thursday . The stock traded as low as GBX 546.96 ($6.77) and last traded at GBX 546.96 ($6.77). 340,828 shares were traded during mid-day trading, a decline of 62% from the average session volume of 895,006 shares. The stock had previously closed at GBX 559.50 ($6.93).

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 575 ($7.12) price target on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Watches of Switzerland Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 496.67 ($6.15).

Watches of Switzerland Group Trading Down 2.2 %

The company has a debt-to-equity ratio of 109.69, a quick ratio of 0.48 and a current ratio of 1.95. The firm has a market capitalization of £1.31 billion, a P/E ratio of 2,187.82, a PEG ratio of 1.56 and a beta of 2.17. The firm has a 50 day simple moving average of GBX 497.29 and a two-hundred day simple moving average of GBX 440.63.

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.