Watches of Switzerland Group (LON:WOSG) Reaches New 12-Month High – What’s Next?

Watches of Switzerland Group plc (LON:WOSG) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 682.50 and last traded at GBX 656.54, with a volume of 71610563 shares traded. The stock had previously closed at GBX 640.50.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WOSG. Royal Bank Of Canada upped their price target on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the stock a “sector perform” rating in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 price target on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 546.67.

Watches of Switzerland Group Price Performance

The company has a debt-to-equity ratio of 107.40, a current ratio of 1.96 and a quick ratio of 0.48. The company’s 50-day simple moving average is GBX 514.11 and its 200-day simple moving average is GBX 491.09. The stock has a market capitalization of £1.58 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.80.

Insider Transactions at Watches of Switzerland Group

In other news, insider Chabi Nouri purchased 2,500 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of GBX 515 per share, with a total value of £12,875. Company insiders own 4.47% of the company’s stock.

Watches of Switzerland Group Company Profile

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK and US comprising eight prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Deutsch & Deutsch (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering. Since 8 May 2024, the Group has also owned the exclusive distribution rights for Roberto Coin in the USA, Canada, Central America and the Caribbean.