Watches of Switzerland Group (LON:WOSG) Stock Price Up 0.6% – Time to Buy?

Watches of Switzerland Group plc (LON:WOSG)’s share price rose 0.6% during mid-day trading on Wednesday . The stock traded as high as GBX 729.50 and last traded at GBX 728. Approximately 43,572,711 shares changed hands during trading, an increase of 1,519% from the average daily volume of 2,691,882 shares. The stock had previously closed at GBX 724.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 440 target price on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Royal Bank Of Canada upgraded shares of Watches of Switzerland Group to a “sector perform” rating and boosted their price target for the stock from GBX 725 to GBX 800 in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 596.67.

Watches of Switzerland Group Trading Up 0.6%

The stock has a market cap of £1.68 billion, a PE ratio of 17.09, a PEG ratio of 1.56 and a beta of 1.87. The company has a debt-to-equity ratio of 87.18, a quick ratio of 0.48 and a current ratio of 1.91. The stock has a fifty day moving average price of GBX 730.38 and a 200 day moving average price of GBX 604.13.

Watches of Switzerland Group (LON:WOSG) last released its quarterly earnings results on Tuesday, July 14th. The company reported GBX 45.20 earnings per share for the quarter. Watches of Switzerland Group had a return on equity of 16.31% and a net margin of 5.42%. Equities analysts expect that Watches of Switzerland Group plc will post 42.739726 EPS for the current 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 US and UK 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.