Watches of Switzerland Group (LON:WOSG) Stock Price Up 3.2% – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG) shares were up 3.2% during trading on Wednesday . The stock traded as high as GBX 441.60 ($5.68) and last traded at GBX 438 ($5.64). Approximately 490,148 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 934,194 shares. The stock had previously closed at GBX 424.40 ($5.46).

Wall Street Analysts Forecast Growth

WOSG has been the subject of a number of recent research reports. Shore Capital reiterated a “not rated” rating on shares of Watches of Switzerland Group in a research note on Friday, October 4th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 430 ($5.53) price objective on shares of Watches of Switzerland Group in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 440 ($5.66) target price on shares of Watches of Switzerland Group in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 474.17 ($6.10).

Watches of Switzerland Group Stock Performance

The company has a 50-day moving average of GBX 430.06 and a 200 day moving average of GBX 405.04. The firm has a market capitalization of £1.05 billion, a PE ratio of 1,752.00, a PEG ratio of 1.56 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69.

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.