Watches of Switzerland Group (LON:WOSG) Earns Buy Rating from Citigroup

Watches of Switzerland Group (LON:WOSG)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 440 ($5.43) price target on the stock. Citigroup’s price target points to a potential upside of 23.66% from the stock’s current price.

Separately, Barclays reiterated an “overweight” rating and issued a GBX 580 ($7.16) price objective on shares of Watches of Switzerland Group in a research note on Friday, February 9th.

Watches of Switzerland Group Stock Down 1.9 %

LON:WOSG opened at GBX 355.80 ($4.39) on Tuesday. The firm has a market capitalization of £852.39 million, a P/E ratio of 808.64, a PEG ratio of 0.82 and a beta of 2.09. Watches of Switzerland Group has a 1-year low of GBX 324.80 ($4.01) and a 1-year high of GBX 899.50 ($11.11). The company’s fifty day moving average price is GBX 376.19 and its 200-day moving average price is GBX 493.57. The company has a debt-to-equity ratio of 102.29, a current ratio of 1.69 and a quick ratio of 0.48.

Insider Activity at Watches of Switzerland Group

In related news, insider Ian Carter bought 50,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of GBX 377 ($4.66) per share, for a total transaction of £188,500 ($232,831.03). 4.53% of the stock is owned by company insiders.

About Watches of Switzerland Group

Watches of Switzerland Group PLC operates as a retailer of luxury watches and jewelry in the United Kingdom, Europe, and the United States. It offers its products under the Goldsmiths, Mappin & Webb, Watches of Switzerland, Mayors Jewelers, and Betteridge brands. The company also engages in sale of fashion and classic watches, and jewelry; and gifts, as well as provides servicing, repairs, and product insurance services.