Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Watches of Switzerland Group (LON:WOSG) Stock

Watches of Switzerland Group (LON:WOSG) had its target price upped by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 450 to GBX 550 in a note issued to investors on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 14.44% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 375 price target on shares of Watches of Switzerland Group in a research note on Monday, October 20th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 440 price objective on shares of Watches of Switzerland Group in a report on Wednesday, October 15th. Finally, Shore Capital restated a “no recommendation” rating on shares of Watches of Switzerland Group in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 455.

Watches of Switzerland Group Stock Performance

LON WOSG traded down GBX 0.80 on Friday, reaching GBX 480.60. The stock had a trading volume of 838,991 shares, compared to its average volume of 1,554,788. The company has a debt-to-equity ratio of 109.69, a current ratio of 1.95 and a quick ratio of 0.48. The company has a market cap of £1.11 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.56 and a beta of 2.17. The firm has a fifty day moving average of GBX 397.11 and a two-hundred day moving average of GBX 382.93. Watches of Switzerland Group has a 1-year low of GBX 315 and a 1-year high of GBX 600.

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