Watches of Switzerland Group (LON:WOSG) Trading Up 3.2% – Here’s Why

Watches of Switzerland Group plc (LON:WOSG) shares were up 3.2% during mid-day 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 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 Analyst Weigh In

A number of brokerages have commented on WOSG. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 430 ($5.53) price target on shares of Watches of Switzerland Group in a research note on Wednesday, September 4th. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, October 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 ($5.66) price objective on shares of Watches of Switzerland Group in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Watches of Switzerland Group presently has an average rating of “Moderate Buy” and an average price target of GBX 474.17 ($6.10).

Watches of Switzerland Group Stock Performance

The company’s 50 day simple moving average is GBX 430.06 and its 200 day simple moving average is GBX 405.04. 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 stock has a market cap of £1.05 billion, a PE ratio of 1,752.00, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17.

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.