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

Watches of Switzerland Group plc (LON:WOSG)’s stock price was up 2.2% during mid-day trading on Tuesday . The stock traded as high as GBX 456.60 ($5.94) and last traded at GBX 451.10 ($5.86). Approximately 28,956,801 shares changed hands during mid-day trading, an increase of 1,274% from the average daily volume of 2,107,365 shares. The stock had previously closed at GBX 441.60 ($5.74).

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 575 ($7.48) price target on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Watches of Switzerland Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 480 ($6.24).

Watches of Switzerland Group Price Performance

The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69. The stock has a market cap of £1.09 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.56 and a beta of 2.17. The firm has a 50 day moving average price of GBX 509.40 and a 200 day moving average price of GBX 483.48.

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.