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

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

Analysts Set New Price Targets

Several brokerages recently commented on WOSG. Shore Capital reissued a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 575 ($7.14) price target on shares of Watches of Switzerland Group in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 496.67 ($6.17).

Watches of Switzerland Group Price Performance

The company has a current ratio of 1.95, a quick ratio of 0.48 and a debt-to-equity ratio of 109.69. The company has a market capitalization 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 firm has a fifty day moving average of GBX 498.92 and a 200 day moving average of GBX 441.66.

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.