Watches of Switzerland Group (LON:WOSG) PT Lowered to GBX 425 at Royal Bank of Canada

Watches of Switzerland Group (LON:WOSG) had its target price dropped by investment analysts at Royal Bank of Canada from GBX 475 ($5.87) to GBX 425 ($5.25) in a research note issued on Tuesday, MarketBeat reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 19.45% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Citigroup restated a “buy” rating and set a GBX 440 ($5.43) price objective on shares of Watches of Switzerland Group in a report on Tuesday. Barclays restated an “overweight” rating and set a GBX 580 ($7.16) price objective on shares of Watches of Switzerland Group in a report on Friday, February 9th.

Watches of Switzerland Group Trading Down 1.9 %

Watches of Switzerland Group stock opened at GBX 355.80 ($4.39) on Tuesday. Watches of Switzerland Group has a 52 week low of GBX 324.80 ($4.01) and a 52 week high of GBX 899.50 ($11.11). The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69. The stock has a market capitalization of £852.39 million, a P/E ratio of 808.64, a PEG ratio of 0.82 and a beta of 2.09. The stock has a 50-day simple moving average of GBX 376.19 and a 200 day simple moving average of GBX 493.57.

Insider Activity

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

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.