Watches of Switzerland Group (LON:WOSG) Trading Up 2.2% – Here’s Why

Watches of Switzerland Group plc (LON:WOSG)’s share price traded up 2.2% on Tuesday . The stock traded as high as GBX 456.60 ($5.92) and last traded at GBX 451.10 ($5.85). 28,956,801 shares traded hands during 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).

Analyst Ratings Changes

Several analysts have recently issued reports on WOSG shares. Shore Capital restated 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 set a GBX 575 ($7.46) price target on shares of Watches of Switzerland Group in a report 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, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 480 ($6.22).

Watches of Switzerland Group Stock Down 0.1 %

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

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, 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.