Watches of Switzerland Group (LON:WOSG) Reaches New 1-Year High – Here’s Why

Watches of Switzerland Group plc (LON:WOSG) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 734 and last traded at GBX 728.25, with a volume of 1036014 shares. The stock had previously closed at GBX 712.50.

Analysts Set New Price Targets

Several equities research analysts recently commented on WOSG shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price target on shares of Watches of Switzerland Group in a report on Friday, May 15th. Royal Bank Of Canada lifted their target price on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 546.67.

Watches of Switzerland Group Stock Performance

The firm’s 50-day moving average price is GBX 606.35 and its two-hundred day moving average price is GBX 526.65. 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 stock has a market cap of £1.65 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.56 and a beta of 1.85.

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.