Watches of Switzerland Group (LON:WOSG) Stock Price Down 13.8% – What’s Next?

Watches of Switzerland Group plc (LON:WOSG)’s stock price was down 13.8% during mid-day trading on Thursday . The company traded as low as GBX 356 ($4.59) and last traded at GBX 365.08 ($4.71). Approximately 4,470,943 shares were traded during trading, an increase of 202% from the average daily volume of 1,481,922 shares. The stock had previously closed at GBX 423.40 ($5.46).

Wall Street Analysts Forecast Growth

Several brokerages have commented on WOSG. Shore Capital reiterated a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 575 ($7.42) target price on shares of Watches of Switzerland Group in a report 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 data from MarketBeat.com, Watches of Switzerland Group presently has an average rating of “Moderate Buy” and an average target price of GBX 480 ($6.19).

Watches of Switzerland Group Stock Performance

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 market cap of £824.26 million, a P/E ratio of 13.85, a P/E/G ratio of 1.56 and a beta of 2.17. 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.