Watches of Switzerland Group plc (LON:WOSG) Receives GBX 493.75 Consensus PT from Brokerages

Watches of Switzerland Group plc (LON:WOSG) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 474.17 ($6.20).

Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a GBX 430 ($5.62) price objective on shares of Watches of Switzerland Group in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Watches of Switzerland Group from GBX 420 ($5.49) to GBX 435 ($5.69) and gave the company a “hold” rating in a report on Friday, June 28th. Royal Bank of Canada increased their price objective on Watches of Switzerland Group from GBX 500 ($6.54) to GBX 520 ($6.80) and gave the company an “outperform” rating in a report on Tuesday, July 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 440 ($5.75) price target on shares of Watches of Switzerland Group in a report on Tuesday, September 3rd. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a report on Tuesday, September 3rd.

Watches of Switzerland Group Stock Performance

WOSG stock opened at GBX 377.80 ($4.94) on Tuesday. The business has a 50 day moving average of GBX 395.28 and a 200-day moving average of GBX 384.03. Watches of Switzerland Group has a 12-month low of GBX 324 ($4.24) and a 12-month high of GBX 728 ($9.52). The firm has a market cap of £905.10 million, a PE ratio of 1,503.72, a P/E/G ratio of 0.91 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69.

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.