Watches of Switzerland Group (LON:WOSG) Shares Down 12% – Should You Sell?

Watches of Switzerland Group plc (LON:WOSG) shares fell 12% during trading on Thursday . The stock traded as low as GBX 370.40 ($4.78) and last traded at GBX 372.80 ($4.81). 2,409,280 shares changed hands during mid-day trading, an increase of 66% from the average session volume of 1,450,685 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analyst Ratings Changes

A number of brokerages have commented on WOSG. Shore Capital reiterated a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 575 ($7.42) price objective on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Watches of Switzerland Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 480 ($6.19).

Watches of Switzerland Group Price Performance

The firm has a market capitalization of £824.26 million, a PE ratio of 13.85, a P/E/G ratio of 1.56 and a beta of 2.17. The firm’s fifty day moving average price is GBX 486.74 and its 200 day moving average price is GBX 485.98. The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69.

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.