Brokerages Set Watches of Switzerland Group plc (LON:WOSG) Target Price at GBX 493.75

Watches of Switzerland Group plc (LON:WOSG) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 474.17 ($6.23).

WOSG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Watches of Switzerland Group from GBX 420 ($5.52) to GBX 435 ($5.72) and gave the stock a “hold” rating in a report on Friday, June 28th. Royal Bank of Canada increased their price target on Watches of Switzerland Group from GBX 500 ($6.57) to GBX 520 ($6.84) and gave the stock an “outperform” rating in a report on Tuesday, July 2nd. Stifel Nicolaus restated a “hold” rating and set a GBX 430 ($5.65) price target on shares of Watches of Switzerland Group in a report on Wednesday. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a report on Tuesday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 440 ($5.79) price target on shares of Watches of Switzerland Group in a report on Tuesday.

Watches of Switzerland Group Stock Performance

Shares of WOSG stock opened at GBX 380.20 ($5.00) on Tuesday. The business’s 50 day simple moving average is GBX 396.76 and its 200 day simple moving average is GBX 385.18. Watches of Switzerland Group has a one year low of GBX 324 ($4.26) and a one year high of GBX 728 ($9.57). The stock has a market capitalization of £910.85 million, a PE ratio of 1,520.80, a PEG ratio of 0.98 and a beta of 2.16. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48.

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.