Watches of Switzerland Group (LON:WOSG) Shares Down 2.2% – What’s Next?

Shares of Watches of Switzerland Group plc (LON:WOSG) dropped 2.2% during trading on Thursday . The company traded as low as GBX 546.96 ($6.79) and last traded at GBX 546.96 ($6.79). Approximately 340,828 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 895,006 shares. The stock had previously closed at GBX 559.50 ($6.95).

Analyst Upgrades and Downgrades

WOSG has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 575 ($7.14) price target on shares of Watches of Switzerland Group in a report on Friday, December 6th. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 496.67 ($6.17).

Watches of Switzerland Group Stock Down 1.7 %

The stock’s 50 day simple moving average is GBX 498.92 and its two-hundred day simple moving average is GBX 441.66. The firm has a market cap of £1.29 billion, a P/E ratio of 2,149.92, a P/E/G ratio of 1.56 and a beta of 2.17. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48.

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.