Watches of Switzerland Group (LON:WOSG) Shares Up 2.5% Following Analyst Upgrade

Watches of Switzerland Group plc (LON:WOSG)’s stock price was up 2.5% on Wednesday after Royal Bank Of Canada raised their price target on the stock from GBX 560 to GBX 650. Royal Bank Of Canada currently has a sector perform rating on the stock. Watches of Switzerland Group traded as high as GBX 682.50 and last traded at GBX 656.54. Approximately 71,610,563 shares traded hands during trading, an increase of 2,436% from the average daily volume of 2,824,183 shares. The stock had previously closed at GBX 640.50.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 price target on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 546.67.

Insider Buying and Selling

In other Watches of Switzerland Group news, insider Chabi Nouri purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were acquired at an average cost of GBX 515 per share, for a total transaction of £12,875. Company insiders own 4.47% of the company’s stock.

Watches of Switzerland Group Trading Up 2.5%

The stock has a market capitalization of £1.52 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80. The stock’s fifty day moving average price is GBX 505.85 and its two-hundred day moving average price is GBX 487.67. The company has a current ratio of 1.96, a quick ratio of 0.48 and a debt-to-equity ratio of 107.40.

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.