Watches of Switzerland Group (LON:WOSG) Trading Down 12% – What’s Next?

Watches of Switzerland Group plc (LON:WOSG)’s share price dropped 12% on Thursday . The company traded as low as GBX 370.40 ($4.78) and last traded at GBX 372.80 ($4.81). Approximately 2,409,280 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 1,450,685 shares. The stock had previously closed at GBX 423.40 ($5.46).

Analyst Ratings Changes

Several research analysts have issued reports on WOSG shares. Jefferies Financial Group restated a “buy” rating and set a GBX 575 ($7.42) target price on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Shore Capital reaffirmed a “not rated” rating on shares of Watches of Switzerland Group in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 480 ($6.19).

Watches of Switzerland Group Stock Performance

The firm has a 50 day moving average price of GBX 486.74 and a 200 day moving average price of GBX 485.98. The stock has a market cap of £824.26 million, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The company has a quick ratio of 0.48, a current ratio of 1.95 and a debt-to-equity ratio of 109.69.

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, US and Europe comprising seven prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK), Mayors (US), Betteridge (US), Hodinkee (US) and Analog:Shift (US) with a complementary jewellery offering.