Watches of Switzerland Group (LON:WOSG) Shares Up 2.2% – Still a Buy?

Watches of Switzerland Group plc (LON:WOSG)’s share price traded up 2.2% during trading on Tuesday . The company traded as high as GBX 456.60 ($5.92) and last traded at GBX 451.10 ($5.85). 28,956,801 shares changed hands during mid-day trading, an increase of 1,274% from the average session volume of 2,107,365 shares. The stock had previously closed at GBX 441.60 ($5.73).

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WOSG. Jefferies Financial Group reiterated a “buy” rating and set a GBX 575 ($7.46) target price on shares of Watches of Switzerland Group in a report on Friday, December 6th. Shore Capital reiterated a “not rated” rating on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Watches of Switzerland Group presently has an average rating of “Moderate Buy” and an average target price of GBX 480 ($6.22).

Watches of Switzerland Group Trading Down 0.1 %

The firm has a fifty day moving average of GBX 508.03 and a 200 day moving average of GBX 483.25. The firm has a market capitalization of £1.09 billion, a PE ratio of 18.29, a P/E/G ratio of 1.56 and a beta of 2.17. The company has a debt-to-equity ratio of 109.69, a quick ratio of 0.48 and a current ratio of 1.95.

About Watches of Switzerland Group

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Hodinkee (US) and Analog:Shift (US) with a complementary jewellery offering.