Swatch Group AG (OTCMKTS:SWGAY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $12.33, but opened at $13.0650. Swatch Group shares last traded at $12.98, with a volume of 2,458 shares changing hands.
Wall Street Analysts Forecast Growth
SWGAY has been the subject of a number of recent research reports. Royal Bank Of Canada raised shares of Swatch Group from an “underperform” rating to a “sector perform” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Swatch Group to a “hold” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Report on SWGAY
Swatch Group Trading Up 1.1%
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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