Watches of Switzerland Group plc (LON:WOSG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Watches of Switzerland Group plc (LON:WOSG) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 474.17 ($6.34).

WOSG has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 ($5.89) price objective on shares of Watches of Switzerland Group in a report on Tuesday, September 3rd. Stifel Nicolaus restated a “hold” rating and issued a GBX 430 ($5.75) price target on shares of Watches of Switzerland Group in a research note on Wednesday, September 4th. Shore Capital reiterated a “not rated” rating on shares of Watches of Switzerland Group in a research note on Friday. Royal Bank of Canada increased their target price on shares of Watches of Switzerland Group from GBX 500 ($6.69) to GBX 520 ($6.96) and gave the stock an “outperform” rating in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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 report on Friday, June 28th.

Watches of Switzerland Group Price Performance

Watches of Switzerland Group stock opened at GBX 481.60 ($6.44) on Friday. The company has a market capitalization of £1.15 billion, a price-to-earnings ratio of 1,926.40, a PEG ratio of 1.15 and a beta of 2.17. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. Watches of Switzerland Group has a 12 month low of GBX 324 ($4.33) and a 12 month high of GBX 728 ($9.74). The stock’s 50 day moving average is GBX 401.41 and its 200-day moving average is GBX 387.27.

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.