Watches of Switzerland Group (LON:WOSG) Given New GBX 520 Price Target at Royal Bank of Canada

Watches of Switzerland Group (LON:WOSG) had its price objective lifted by research analysts at Royal Bank of Canada from GBX 500 ($6.32) to GBX 520 ($6.58) in a research note issued to investors on Tuesday, Digital Look reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 26.58% from the stock’s current price.

A number of other analysts have also recently issued reports on WOSG. Citigroup reissued a “buy” rating and set a GBX 440 ($5.57) price objective on shares of Watches of Switzerland Group in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Watches of Switzerland Group from GBX 420 ($5.31) to GBX 435 ($5.50) and gave the company a “hold” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Watches of Switzerland Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 493.75 ($6.25).

Watches of Switzerland Group Price Performance

Shares of WOSG opened at GBX 410.81 ($5.20) on Tuesday. The business’s 50-day moving average is GBX 381.83 and its 200-day moving average is GBX 433.01. The company has a debt-to-equity ratio of 102.29, a current ratio of 1.69 and a quick ratio of 0.48. The company has a market capitalization of £984.17 million, a price-to-earnings ratio of 931.82, a P/E/G ratio of 1.11 and a beta of 2.07. Watches of Switzerland Group has a fifty-two week low of GBX 324 ($4.10) and a fifty-two week high of GBX 789 ($9.98).

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.