Watches of Switzerland Group plc (LON:WOSG – Get Free Report) dropped 0.6% during trading on Friday . The stock traded as low as GBX 442.22 and last traded at GBX 446.40. Approximately 3,908,335 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 2,019,502 shares. The stock had previously closed at GBX 449.20.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Watches of Switzerland Group from GBX 450 to GBX 550 and gave the stock a “buy” rating in a report on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 455.
Check Out Our Latest Stock Report on Watches of Switzerland Group
Watches of Switzerland Group Trading Down 0.6%
Insider Buying and Selling at Watches of Switzerland Group
In other Watches of Switzerland Group news, insider Chabi Nouri bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were acquired at an average cost of GBX 515 per share, with a total value of £12,875. Insiders own 4.47% of the company’s stock.
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.
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