Watches of Switzerland Group (LON:WOSG) Trading 13.7% Higher – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG)’s stock price traded up 13.7% during mid-day trading on Thursday . The company traded as high as GBX 604 and last traded at GBX 604. 4,094,979 shares were traded during mid-day trading, an increase of 90% from the average session volume of 2,155,923 shares. The stock had previously closed at GBX 531.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 440 price target on shares of Watches of Switzerland Group in a report on Friday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 455.

Watches of Switzerland Group Trading Up 2.0%

The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.48 and a current ratio of 1.96. The company has a 50 day simple moving average of GBX 495.44 and a two-hundred day simple moving average of GBX 481.43. The firm has a market cap of £1.49 billion, a PE ratio of 21.81, a P/E/G ratio of 1.56 and a beta of 1.80.

Insider Activity

In related news, insider Chabi Nouri acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was acquired at an average price of GBX 515 per share, with a total value of £12,875. 4.47% of the stock is currently owned by company insiders.

Watches of Switzerland Group Company Profile

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK and US comprising eight prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Deutsch & Deutsch (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering. Since 8 May 2024, the Group has also owned the exclusive distribution rights for Roberto Coin in the USA, Canada, Central America and the Caribbean.