Watches of Switzerland Group (LON:WOSG) Sets New 52-Week High – Time to Buy?

Watches of Switzerland Group plc (LON:WOSG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 734 and last traded at GBX 728.25, with a volume of 1036014 shares trading hands. The stock had previously closed at GBX 712.50.

Wall Street Analyst Weigh In

WOSG has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 440 price objective on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Royal Bank Of Canada upped their price objective on shares of Watches of Switzerland Group from GBX 560 to GBX 650 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 546.67.

Watches of Switzerland Group Stock Up 1.1%

The firm has a market cap of £1.67 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 1.56 and a beta of 1.85. The firm’s 50 day moving average price is GBX 590.96 and its two-hundred day moving average price is GBX 521.36. The company has a debt-to-equity ratio of 107.40, a current ratio of 1.96 and a quick ratio of 0.48.

Watches of Switzerland Group Company Profile

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK and US comprising eight prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Deutsch & Deutsch (US), Analog:Shift (US) and Hodinkee (US), with a complementary jewellery offering. Since 8 May 2024, the Group has also owned the exclusive distribution rights for Roberto Coin in the USA, Canada, Central America and the Caribbean.