Shares of Watches of Switzerland Group plc (LON:WOSG – Get Free Report) were up 15.6% during trading on Thursday . The stock traded as high as GBX 402.76 ($5.06) and last traded at GBX 390.65 ($4.91). Approximately 21,866,391 shares were traded during trading, an increase of 1,585% from the average daily volume of 1,297,483 shares. The stock had previously closed at GBX 337.80 ($4.24).
Wall Street Analysts Forecast Growth
Several brokerages have commented on WOSG. Barclays restated an “overweight” rating and set a GBX 580 ($7.28) price target on shares of Watches of Switzerland Group in a research note on Friday, February 9th. Royal Bank of Canada decreased their price objective on shares of Watches of Switzerland Group from GBX 475 ($5.97) to GBX 425 ($5.34) and set an “outperform” rating for the company in a research note on Tuesday, April 23rd. Finally, Citigroup reissued a “buy” rating and issued a GBX 440 ($5.53) price objective on shares of Watches of Switzerland Group in a research report on Tuesday, April 23rd.
View Our Latest Stock Analysis on WOSG
Watches of Switzerland Group Trading Up 9.5 %
The firm has a fifty day moving average of GBX 354.36 and a 200 day moving average of GBX 478.69. The firm has a market capitalization of £886.41 million, a PE ratio of 765.59, a P/E/G ratio of 0.97 and a beta of 2.07. The company has a debt-to-equity ratio of 102.29, a quick ratio of 0.48 and a current ratio of 1.69.
Watches of Switzerland Group Company Profile
Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services.
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