Watches of Switzerland Group (LON:WOSG) Hits New 12-Month High – Still a Buy?

Watches of Switzerland Group plc (LON:WOSG)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 776.50 and last traded at GBX 776.50, with a volume of 1294125 shares changing hands. The stock had previously closed at GBX 719.50.

Analysts Set New Price Targets

WOSG has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 440 price objective on shares of Watches of Switzerland Group in a research note on Friday, May 15th. Royal Bank Of Canada upped their price objective on Watches of Switzerland Group from GBX 560 to GBX 650 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of GBX 546.67.

Watches of Switzerland Group Stock Performance

The business’s 50-day simple moving average is GBX 677.73 and its two-hundred day simple moving average is GBX 554.35. The company has a quick ratio of 0.48, a current ratio of 1.96 and a debt-to-equity ratio of 107.40. The firm has a market cap of £1.80 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.56 and a beta of 1.87.

Watches of Switzerland Group Company Profile

Established in 2007 the Watches of Switzerland Group is the UK’s largest luxury watch retailer, operating in the UK and US 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.