Watches of Switzerland Group (LON:WOSG) Trading Down 12% – Time to Sell?

Shares of Watches of Switzerland Group plc (LON:WOSG) traded down 12% on Thursday . The company traded as low as GBX 370.40 ($4.81) and last traded at GBX 372.80 ($4.84). 2,409,280 shares traded hands during trading, an increase of 66% from the average session volume of 1,450,685 shares. The stock had previously closed at GBX 423.40 ($5.50).

Wall Street Analysts Forecast Growth

WOSG has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 575 ($7.47) price objective on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Shore Capital reaffirmed a “not rated” rating 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 stock. According to data from MarketBeat.com, Watches of Switzerland Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 480 ($6.23).

Watches of Switzerland Group Price Performance

The stock has a fifty day moving average of GBX 493.93 and a 200 day moving average of GBX 487.17. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48. The stock has a market cap of £875.33 million, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.56 and a beta of 2.17.

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.