Watches of Switzerland Group (LON:WOSG) Shares Down 2% – Here’s What Happened

Watches of Switzerland Group plc (LON:WOSG)’s stock price traded down 2% during mid-day trading on Monday . The stock traded as low as GBX 512 ($6.37) and last traded at GBX 523.37 ($6.52). 293,463 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,592,798 shares. The stock had previously closed at GBX 534.28 ($6.65).

Wall Street Analysts Forecast Growth

WOSG has been the topic of a number of recent research reports. Shore Capital restated a “not rated” rating on shares of Watches of Switzerland Group in a report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 575 ($7.16) target price 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 496.67 ($6.18).

Watches of Switzerland Group Stock Up 0.1 %

The stock has a market capitalization of £1.26 billion, a PE ratio of 2,100.00, a price-to-earnings-growth 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. The business’s fifty day moving average price is GBX 527.89 and its two-hundred day moving average price is GBX 455.46.

Watches of Switzerland Group (LON:WOSG) last announced its quarterly earnings data on Thursday, December 5th. The company reported GBX 18.10 ($0.23) EPS for the quarter. Watches of Switzerland Group had a net margin of 3.84% and a return on equity of 11.91%. On average, equities research analysts forecast that Watches of Switzerland Group plc will post 42.739726 EPS for the current fiscal year.

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 and Analog:Shift (US) with a complementary jewellery offering.