Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $10.6120, but opened at $11.09. Swatch Group shares last traded at $11.08, with a volume of 1,306 shares changing hands.
Analyst Upgrades and Downgrades
SWGAY has been the subject of several recent research reports. Citigroup reissued a “neutral” rating on shares of Swatch Group in a report on Thursday, June 18th. The Goldman Sachs Group started coverage on Swatch Group in a research note on Sunday, October 4th. They issued a “sell” rating on the stock. Sanford C. Bernstein downgraded Swatch Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 25th. Finally, Kepler Capital Markets raised Swatch Group from a “reduce” rating to a “buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Swatch Group presently has a consensus rating of “Hold”.
Read Our Latest Research Report on SWGAY
Swatch Group Price Performance
About Swatch Group
Swatch Group Ltd. is a Swiss-based international watchmaking and jewelry company headquartered in Biel/Bienne, Switzerland. The group develops, manufactures and markets watches, jewelry, watch movements and components, as well as related electronic systems and products.
Its portfolio includes brands across the luxury, prestige and entry-level segments, including Breguet, Blancpain, Omega, Longines, Rado, Tissot, Hamilton, Certina, Mido, Swatch, Glashütte Original and Harry Winston. Through its manufacturing companies, Swatch Group also supplies mechanical and quartz movements, watch components and other production technologies to its own brands and, in some cases, external customers.
The company was formed in 1983 through the merger of Swiss watchmaking groups ASUAG and SSIH.
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