Watches of Switzerland Group (LON:WOSG) Price Target Cut to GBX 425 by Analysts at Royal Bank of Canada

Watches of Switzerland Group (LON:WOSG) had its price target trimmed by Royal Bank of Canada from GBX 475 ($5.87) to GBX 425 ($5.25) in a research note issued to investors on Tuesday, LSE.Co.UK reports. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on WOSG. Barclays restated an overweight rating and set a GBX 580 ($7.16) price target on shares of Watches of Switzerland Group in a research report on Friday, February 9th. Citigroup restated a buy rating and set a GBX 440 ($5.43) price target on shares of Watches of Switzerland Group in a research report on Tuesday.

Watches of Switzerland Group Stock Down 1.7 %

Shares of LON:WOSG opened at GBX 356.60 ($4.40) on Tuesday. The firm has a fifty day moving average of GBX 377.44 and a 200 day moving average of GBX 494.57. The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69. Watches of Switzerland Group has a 52-week low of GBX 324.80 ($4.01) and a 52-week high of GBX 899.50 ($11.11). The firm has a market capitalization of £854.31 million, a PE ratio of 824.09, a price-to-earnings-growth ratio of 0.82 and a beta of 2.09.

Insider Activity

In other news, insider Ian Carter acquired 50,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of GBX 377 ($4.66) per share, with a total value of £188,500 ($232,831.03). Insiders own 4.53% of the company’s stock.

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.