Watches of Switzerland Group (LON:WOSG) Sets New 12-Month High – What’s Next?

Watches of Switzerland Group plc (LON:WOSG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 698.10 and last traded at GBX 698.10, with a volume of 631754 shares traded. The stock had previously closed at GBX 687.50.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of 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. Jefferies Financial Group restated a “buy” rating and set a GBX 440 price objective on shares of Watches of Switzerland Group in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 546.67.

Watches of Switzerland Group Stock Up 1.3%

The business’s 50 day moving average price is GBX 523.06 and its 200-day moving average price is GBX 495.80. The firm has a market capitalization of £1.61 billion, a PE ratio of 23.53, a P/E/G ratio of 1.56 and a beta of 1.80. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.48 and a current ratio of 1.96.

Insider Activity

In related news, insider Chabi Nouri purchased 2,500 shares of Watches of Switzerland Group stock in a transaction dated Thursday, February 26th. The shares were acquired at an average cost of GBX 515 per share, with a total value of £12,875. Company insiders own 4.47% of the company’s stock.

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 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.