Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $11.85, but opened at $11.49. Swatch Group shares last traded at $11.46, with a volume of 2,078 shares changing hands.
Analysts Set New Price Targets
Separately, Citigroup reissued a “neutral” rating on shares of Swatch Group in a research note on Friday, February 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Swatch Group has an average rating of “Hold”.
Check Out Our Latest Stock Report on Swatch Group
Swatch Group Stock Down 3.4%
About Swatch Group
The Swatch Group is a Switzerland-based watchmaking conglomerate that designs, manufactures and distributes a broad portfolio of wristwatch and jewelry brands spanning entry-level fashion watches to high-end mechanical timepieces. Its stable of brands includes global names across multiple price segments, and the company is active in retail, wholesale and after-sales services. In addition to finished watches, Swatch Group produces key watch components and complete movements, supplying both its own brands and other firms in the industry.
Manufacturing and technical competence are central to the company’s operations.
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