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

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

Wall Street Analyst Weigh In

WOSG has been the subject of a number of research analyst reports. Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 575 ($7.16) price target on shares of Watches of Switzerland Group in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 496.67 ($6.18).

Watches of Switzerland Group Stock Up 0.1 %

The stock has a market cap of £1.26 billion, a P/E ratio of 2,100.00, a PEG ratio of 1.56 and a beta of 2.17. The stock’s fifty day simple moving average is GBX 527.89 and its 200-day simple moving average is GBX 455.46. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48.

Watches of Switzerland Group (LON:WOSG) last released its quarterly earnings results 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, research analysts anticipate that Watches of Switzerland Group plc will post 42.739726 earnings per share 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 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.